Opposition Mounts To Cisco’s Tandberg Bid
Cisco’s bid for video conferencing rival Tandberg hangs in the balance as opposition to the deal grows
Investors that hold about 30 percent of Tandberg’s stock already have said they would not vote for the deal, preferring instead to seek a higher bid from Cisco or another company or to keep the Tandberg independent.
During a conference call to announce Cisco’s quarterly earnings 4 November, CEO John Chambers expressed confidence that the deal will be done, but also said that Cisco didn’t have to have Tandberg to make its video conferencing push.
What Cisco really stands to gain by acquiring Tandberg an expanded customer base and products that already are established in the SMB space. Cisco’s TelePresence technology has strong adoption rates in enterprises.
