Bloomberg News

Cisco to Buy NDS Group for $5 Billion, Including Debt

March 15, 2012

Cisco Systems Inc. (CSCO), the biggest maker of networking equipment, said it plans to buy NDS Group Ltd. for about $5 billion, including the assumption of debt and retention-based incentives.

The acquisition is expected to close in the second half of 2012, San Jose, California-based Cisco said today in a statement. NDS Group, a provider of video software, has more than 5,000 workers and has headquarters in the U.K.

To contact the editor responsible for this story: Will Daley at wdaley2@bloomberg.net


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