News Corporation and Permira Advisers Sign Agreement to Sell NDS Group Limited
March 15 2012 - 2:45PM
Business Wire
News Corporation and funds advised by Permira Advisers LLP
announced today that they have signed an agreement to sell NDS
Group Limited to Cisco Systems Inc. for approximately $5 billion,
including the assumption of debt. The transaction is subject to
customary closing conditions, including regulatory review in the
U.S. and elsewhere, and is expected to close during the second half
of calendar year 2012.
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had
total assets as of December 31, 2011 of approximately US$60 billion
and total annual revenues of approximately US$34 billion. News
Corporation is a diversified global media company with operations
in six industry segments: cable network programming; filmed
entertainment; television; direct broadcast satellite television;
publishing; and other. The activities of News Corporation are
conducted principally in the United States, Continental Europe, the
United Kingdom, Australia, Asia and Latin America.
About Permira
Permira is a European private equity firm with global
reach. The Permira funds, raised from pension funds and other
institutions, make long-term investments in companies with the
ambition of transforming their performance and driving sustainable
growth. Founded in 1985, the firm advises funds with a total
committed capital of approximately €20 billion.
About NDS
NDS Group Ltd. creates the technologies and applications
that enable pay-TV operators to securely deliver digital content to
TV STBs (set-top boxes), DVRs (digital video recorders), PCs,
mobiles and other multimedia devices. Over 90 of the world’s
leading pay-TV platforms rely on NDS solutions to protect and
enhance their business.
For more information about News Corporation, please visit
www.newscorp.com.
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