Cisco Raises Bid for Tandberg

Susan Hall

It seems I got ahead of myself last month when I wrote that Cisco was acquiring videoconferencing company Tandberg.


I should have said it wanted to buy the Norwegian company. Most of the company's shareholders, however, thought the offer of about $3 billion undervalued the company, reports CNET News.


Cisco has since raised that bid to 19 billion kroner ($3.4 billion), and reportedly has 40 percent of shareholders on board with the new offer.


Bloomberg quotes Oslo-based analyst Ole Joergen Roed of First Securities ASA who expects the deal to go through at the new price.

Add Comment      Leave a comment on this blog post

Post a comment





(Maximum characters: 1200). You have 1200 characters left.



Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


Resource centers

Business Intelligence

Business performance information for strategic and operational decision-making


SOA uses interoperable services grouped around business processes to ease data integration

Data Warehousing

Data warehousing helps companies make sense of their operational data