Cisco closes Tandberg video acquisition
Cisco Systems closed its acquisition of Tandberg on Monday, formally ending a tense struggle over the fair value of the Norwegian videoconferencing vendor.
Cisco Systems closed its acquisition of Tandberg on Monday, formally ending a tense struggle over the fair value of the Norwegian videoconferencing vendor.
The U.S. Department of Justice won't challenge Cisco Systems' US$3 billion acquisition of video-conferencing service provider Tandberg, the agency announced Monday.
After a hard-fought battle, Cisco has won control of video conferencing leader Tandberg with ownership of 91.1% of the company's shares.
3Com's board of directors is facing a lawsuit over the proposed acquisition by Hewlett Packard Development Company, but a financial analyst who studies Ethernet switching argued if approved, both vendors would benefit from the deal.
Cisco has raised its bid for Norwegian video conferencing vendor Tandberg to 19 billion Norwegian Kroner (US$3.4 billion), up from $3.0 billion, but says it will raise its price no further.
It could be any meeting room, anywhere, with one major difference: The room, within Sheraton on the Park hotel in Sydney, is a gateway to the world. At the push of a button, we are chatting to colleagues in Toronto, Canada, speaking to each other as if we were seated across the table. We see the nuances of facial expressions, hand gestures and presentations, full-size, clear and uninterrupted.