tandberg

Cisco finally closes $3.3 billion Tandberg bid

Cisco Systems has finally managed to acquire video-conferencing vendor Tandberg.

The networking giant announced Monday that it has completed a so-called voluntary offer for Tandberg, with 91.1 percent control of the Oslo, Norway-based company. Cisco said it will now launch a compulsory acquisition to pick up the rest of the outstanding shares. Following that move, Cisco will have paid $3.3 billion (19 billion Norwegian kroner) to own the company it has sought since its initial bid in October.

Former Tandberg CEO Fredrik Halvorsen will join Cisco as the senior vice president and head of Cisco's new TelePresence … Read more

Cisco works percentages toward Tandberg takeover

In its quest to acquire Tandberg, Cisco is close...but no cigar yet.

The network giant has won 89 percent of the outstanding shares of Tandberg, a healthy amount, but still 1 percent short of the 90 percent needed under Norwegian law to close the deal. The company had issued a deadline of December 3 to capture the required shares or it said it would walk away.

But as of Friday, Cisco is giving every indication that it will forge ahead, citing tendered shares that would put it over the 90 percent mark.

Looking to capture the growing videoconferencing market, … Read more

Cisco boosts bid for Tandberg to $3.41 billion

Cisco Systems has bumped up its buyout offer to $3.41 billion for video conferencing company Tandberg.

The network giant's initial bid received a thumbs down from most of Tandberg's shareholders, who felt the initial $3 billion offer undervalued the company.

So far, more than 40 percent of Tandberg's stockholders, which includes investment firm OppenheimerFunds and Norwegian government pension fund Folketrygdfondet, have pre-accepted the new offer.

Cisco announced on October 1 that it was pursuing a $3 billion cash takeover of Tandberg, a major global supplier of video conferencing equipment with dual headquarters in Oslo, Norway, and … Read more

Cisco to buy video firm Tandberg for $3 billion

Through its latest acquisition offer, Cisco Systems is hoping to grab a bigger slice of the growing video communications market.

Cisco announced Thursday that it will offer $3 billion in cash to acquire Tandberg, a global supplier of video communications equipment.

Based in Oslo, Norway, and in New York, Tandberg provides video networking hardware and software to a wide range of companies looking for teleconferencing and telepresence systems. Tandberg's products range from low-cost desktop tools to high-end conferencing systems.

Cisco has already wet its feet in the worlds of video and telepresence. Two of Cisco's many acquisitions in … Read more

Another shot at the elusive video phone

Those of us who frequently work from home aren't necessarily anxious for video phones to become commonplace, mostly because that would mean we'd have to make ourselves semi-presentable. Still, we can't help but wonder why this technology has never taken off.

Tandberg is one company that hasn't given up hope, with plans to develop a VoIP video phone for the business market. Its E20 is designed to provide "CD quality audio with DVD quality video," integrating a 5-megapixel digital camera above a 10.6-inch display. The device, which also includes a speakerphone and other … Read more