“Cisco Systems Inc. (CSCO), the largest maker of equipment for computer networks, agreed to buy NDS Group Ltd. (NNDS) in a deal valued at about $5 billion to add software used in next-generation video services.
The purchase price includes debt and retention-based incentives, San Jose (GSJ), California-based Cisco said in a statement today. The boards of both companies have approved the transaction, which is subject to regulatory review and will be completed in the second half of 2012, it said.
NDS, which makes software for paid-television channels used by British Sky Broadcasting Corp., Canal Plus and DirecTV (DTV), is co-owned by Rupert Murdoch’s News Corp. and London private- equity firm Permira Advisers LLP….”
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