Tandberg

Cisco Closes Tandberg Acquisition

John Paczkowski in News on April 20, 2010 at 4:05 am PT

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.

Polycom and Juniper Team Up Against Cisco

Ben Worthen, Reporter, The Wall Street Journal in News on January 25, 2010 at 5:00 am PT

As a small handful of giants consolidate the tech industry, midsize companies are increasingly looking for partners in order to strengthen their positions relative to their larger rivals. The latest companies to do so are Polycom, which makes video-conferencing systems, and Juniper Networks, which makes networking gear.

Cisco Closer to Closing Tandberg Deal

John Paczkowski in News on December 4, 2009 at 5:07 am PT

Looks like Cisco’s proposed acquisition of Tandberg will move ahead as planned, though perhaps not as smoothly as the networking giant had hoped. In a filing with the Oslo stock exchange today, Tandberg said 91.1 percent of its shares and voting rights have been tendered to Cisco–enough to proceed with the deal. But to move forward, Cisco may have to negotiate a regulatory hurdle or two. The U.S. Department of Justice has requested information about the deal, suggesting it has concerns about potential competitive effects.

Cisco Blinks

John Paczkowski in News on November 16, 2009 at 5:05 am PT

Cisco strongly believed that its first bid for videoconferencing equipment manufacturer Tandberg was a very good price for the company’s shareholders. The company really didn’t want to sweeten it. But Cisco did so anyway.

Cisco Again Threatens to Abandon Tandberg Bid

John Paczkowski in News on November 10, 2009 at 5:20 am PT

With opposition to its $3 billion bid to acquire Tandberg ASA mounting, Cisco Systems is extending its offer for the video teleconferencing company until Nov. 18. And it’s leaving the terms and conditions unchanged. So shareholders who’ve balked at the offer have an additional eight days to mull it over. Should they decline to accept it at the end of that period, Cisco may walk away from the deal.

Cisco’s New Corporate Motto: Shop Till You Drop

John Paczkowski in News on November 3, 2009 at 6:29 am PT

Cisco’s fall acquisition binge continues unabated. Late Monday, the company announced plans to buy the set-top box business of China’s DVN Holdings for up to $44.5 million. This after spending $3 billion on videoconferencing system maker Tandberg, wireless infrastructure outfit Starent Networks and software-as-a-service security vendor ScanSafe–all in quick succession.

Cisco to Tandberg Shareholders: You’ll Accept $3.04 billion and Like It

John Paczkowski in News on October 30, 2009 at 8:19 am PT

Cisco has a message for Tandberg shareholders pressing the networking giant to raise its $3.04 billion offer for the company: Take it or we’re leaving. Sources tell Bloomberg that Cisco has little intention of meeting the demands of a group of investors who would like it to reach a bit deeper into its wallet before they hand over their 24 percent stake in Tandberg.