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Media

Cisco Acquires Video Software Firm for $5 Billion (CSCO, NWS)

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By Paul Ausick Published

Cisco Systems Inc. (NASDAQ: CSCO) has announced that it will acquire London-based video software and content security firm NDS Group Ltd. for approximately $5 billion, including debt and retention bonuses. NDS is 49% owned by News Corp. (NASDAQ: NWS).

NDS develops software that provides secure delivery of video content to digital TVs, digital set-top boxes, PCs and mobile devices. News Corp. uses the company’s products to control availability of channels to its customers.

The acquisition is expected to close in the second half of this year, following the usual regulatory approvals.

Contact [email protected] for any questions or corrections.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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