Currently viewing the tag: "acquisition"

Cisco may be forced to drop the acquisition of Tandberg

By On November 4, 2009 · Leave a Comment

After one month ago Cisco announced that will offer $3 billion for Tandberg, today there are rumors that this acquisition will not work as expected. It seems that after Tandberg’s board of directors recommended to accept the price offered, for 153.5 Norwegian Kroner per share, now this still requires approval by 90 percent of the company’s shareholders by 9th of November.

The problem get more complicated as shareholders, representing 24 percent of Tandberg’s shares, don’t plan to accept the deal, with arguments that Tandberg can [...]

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Cisco acquire TANDBERG (for $3 billion)

By On October 1, 2009 · 1 Comment

Cisco today announced a definitive agreement for Cisco to launch a recommended voluntary cash offer to acquire TANDBERG (OSLO: TAA.OL).  TANDBERG, based in Oslo, Norway, and New York, is a global leader in video communications, including a broad range of world-class video endpoint and network infrastructure solutions with intercompany and multi-vendor interoperability. With this proposed acquisition, Cisco will expand its collaboration portfolio to offer more solutions to a greater number of customers, further accelerating market adoption globally.

Under the terms of the agreement, Cisco will [...]

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Fluke Networks acquired AirMagnet

By On August 19, 2009 · Leave a Comment

With its acquisition of wireless LAN design, management and security vendor AirMagnet, Fluke Networks is positioning itself to be a vendor of choice for enterprises that are trying to manage hybridized networks with both wired Ethernet and wireless LAN technology.

“The bottom line is that enterprises are going to have hybrid networks for a really, really long time,” said Paul DeBeasi, senior analyst with Burton Group. “I’m having a lot more phone conversations with enterprises that are looking at new deployments where they want to [...]

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Broadcom makes bid to buy Emulex for $764 million

By On April 23, 2009 · Leave a Comment

Following a rejection of efforts to purchase the company in January, Broadcom on Tuesday made an unsolicited bid to purchase Emulex for $764 million.

This marks the latest industry move in a data center convergence frenzy involving everyone from Cisco to HP.

Broadcom sent a letter to Emulex’s board of directors Tuesday offering to buy all outstanding shares of Emulex common stock for $9.25 per share, a 40% premium of the closing price of Emulex’s stock on Monday, according to Broadcom.

Both companies are based [...]

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Cisco buying Flip video camera maker for $590 million

By On March 19, 2009 · Leave a Comment

Cisco Thursday announced its intent to acquire privately held Pure Digital Technologies, creator of the Flip video camcorder for consumers, for $590 million in stock.

Pure Digital is a “pioneer” in developing consumer-friendly video with mass-market appeal, Cisco says. The acquisition of Pure Digital is key to Cisco’s strategy to expand momentum in the media-enabled home and to capture the consumer market transition to visual networking, the company said in a statement.

In addition to exchanging $590 million in stock for all Pure Digital shares, [...]

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