Cisco Closes Tandberg Acquisition

At long last, Cisco has closed its acquisition of Tandberg, ending a battle for the videoconferencing equipment manufacturer that began last October. As of close of business Monday, Cisco owned all outstanding Tandberg shares. Price: $3.3 billion.
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Cisco Snags Tandberg for $3 Billion

It’s merger mania in the tech industry. First Dell buys Perot Systems for $3.9 billion. Then Xerox purchases Affiliated Computer Services for $6.4 billion. Now Cisco is acquiring Tandberg for nearly $3 billion in cash.
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