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According to Bloomberg, citing unnamed sources, Cisco is soliciting offers for NDS Group, which it acquired for US$5 billion (€4.3 billion) five years ago, as it refocuses its activities on growth areas under new CEO Chuck Robbins.
NDS is part of Cisco’s service provider video division, which has posted falling revenue for the past few years. Cisco sold its set-top box and consumer hardware division, based on its earlier acquisition of Scientific-Atlanta, to Technicolor in 2015 for €560 million in cash and stock. Cisco originally bought that unit for US$6.9 billion in 2005.
Cisco reportedly seeking buyer for NDS » Digital TV Europe
NDS is part of Cisco’s service provider video division, which has posted falling revenue for the past few years. Cisco sold its set-top box and consumer hardware division, based on its earlier acquisition of Scientific-Atlanta, to Technicolor in 2015 for €560 million in cash and stock. Cisco originally bought that unit for US$6.9 billion in 2005.
Cisco reportedly seeking buyer for NDS » Digital TV Europe