NDS Group In Talks To Be Acquired By Cisco For $5 Billion -Report

Date : 03/15/2012 @ 8:13AM
Source : Dow Jones News
Stock : Cisco Systems, Inc. (MM) (CSCO)
Quote : 31.84  -0.02 (-0.06%) @ 8:00PM

NDS Group In Talks To Be Acquired By Cisco For $5 Billion -Report

Cisco Systems, Inc. (MM) (NASDAQ:CSCO)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Cisco Systems, Inc. (MM) Charts.
   By Robert Daniel 
 

NDS Group PLC, the U.K. provider of equipment to pay-TV operators, is in advanced talks to be acquired by Cisco Systems Inc. (CSCO) for $5 billion, according to an Israeli media report.

NDS is owned 51% by the London private-equity firm Permira and 49% by News Corp. (NWS NWSA), which also owns Dow Jones & Co., publisher of this newswire.

Calcalist, the business section of the Israeli daily Yediot Achronot, reported the talks.

The paper said that NDS was founded in 1988 at the Weizmann Institute, the Rehovot, Israel, research center. Cisco is the San Jose, Calif., provider of telecommunications equipment and services.

The online edition of the paper reported that the deal could be done in the coming days as the talks near conclusion.

In February 2009, Permira and News Corp. took NDS private in a $63-a-share deal. At the time of the deal, News Corp. held 72% of NDS. As part of the buyout, News Corp. reduced its holding to 49% and Permira took 51%.

Spokesmen for NDS, News Corp., Permira and Cisco weren't immediately available for comment.

-Robert Daniel; 415-439-6400; AskNewswires@dowjones.com

Latest CSCO Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.