Cisco Systems closed its acquisition of Tandberg on Monday, formally ending a tense struggle over the fair value of the Norwegian videoconferencing vendor.
The U.S. Department of Justice won't challenge Cisco Systems' US$3 billion acquisition of video-conferencing service provider Tandberg, the agency announced Monday.
After a hard-fought battle, Cisco has won control of video conferencing leader Tandberg with ownership of 91.1% of the company's shares.
Cisco has raised its bid for Norwegian video conferencing vendor Tandberg to 19 billion Norwegian Kroner (US$3.4 billion), up from $3.0 billion, but says it will raise its price no further.
Cisco this week said is extending the acceptance period for its $US3 billion cash offer to acquire Tandberg to Nov. 18. The initial acceptance deadline was Nov. 9.
Most Popular Reviews
- 1 BlackBerry Passport review: A smartphone going nowhere
- 2 Sony Xperia Z3 Compact review: A flagship at 4.6-inches
- 3 Microsoft Surface Pro 3 Windows 8.1 tablet
- 4 Samsung Galaxy Tab S (10.5) 4G review
- 5 TomTom Runner Cardio GPS watch
Best Deals on GoodGearGuide
Latest News Articles
- One week after patch, Flash vulnerability already exploited in large-scale attacks
- Candidates for EU's data protection job heard by the European Parliament
- Citrix's ShareFile gets document signing thanks to acquisition
- Alibaba's mobile OS in China boosted by Meizu partnership
- Your online TV watching is now being tracked across devices
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
- FTBusiness ManagerNSW
- CCConsumer Product Marketing ManagerNSW
- FTSales Account ExecutiveNSW
- FTMarketing Communications Operations Manager - Global Tech Market leaderNSW
- FTBusiness Development Manager | Sales ManagerNSW
- FTDigital Account ExecutiveNSW
- FTAccount ExecutiveNSW
- FTTechnical Marketing ManagerNSW
- FTBusiness development manager - retargettingNSW
- FTPartner Marketing Communications Manager - Leading Global Tech BrandNSW