Cisco in for NDS in $5BN buy-out
Editor ©RapidTVNews | 15-03-2012
As Rupert Murdoch seeks to divest assets in his under fire empire, content protection firm NDS in which News Corp holds a 49% stake will be next on the block as part of a $5 billion sale to Cisco.
Founded in 1988, NDS currently provides technology to over 90 of the world’s leading pay-TV groups—most notably the News Corp firms such as BSkyB— to protect their assets delivered to set-top boxes (STBs), DVRs, PCs, mobiles, tablets and other multimedia devices.
The acquisition of NDS will complement and accelerate the delivery of Cisco's Videoscape platform that enables service providers and media companies to deliver next-generation entertainment experiences and will aim to broaden Cisco’s opportunities in the service provider market, expanding its reach into emerging markets, such as China and India, where NDS has an established customer footprint.
Commented Abe Peled, Executive Chairman, NDS: "Cisco and NDS are helping drive the transition that will enable service providers and media companies to offer new revenue-generating video experiences. NDS’s open software video platform and services are highly complementary to Cisco technology, and together we are uniquely positioned to enable service providers to deliver fresh and exciting multi-screen video services to their customers. A key component of NDS’s success has been our open software and services model, working with a wide range of set-top box manufacturers to enable greater choice for our customers; following this acquisition this strategy will continue and expand the choice of hardware solutions available to service providers worldwide.”
Under the terms of the agreement, expected to close during the second half of calendar year 2012, Cisco will acquire all of the business and operations of NDS.
Added John Chambers, Chairman and CEO, Cisco: “Our acquisition of NDS fits squarely into this strategy, enabling content and service providers to deliver new video solutions that leverage the cloud and drive new monetisation opportunities and service differentiation.”