Cisco Buys Tandberg For $3 Billion

Cisco Systems (CSCO) will acquire Tandberg (TAA), a Norwegian video communications company, for $3 billion.

Tandberg was one of Cisco’s chief rivals in the market for high-end video conferencing.

The $3 billion figure represents an 11% premium over the publicly traded price.

Details here >

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at