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.
Page: 1 2
Discover how digital transformation has evolved to encompass sustainability goals. Learn the biggest challenges organisations…
Tesla makes key advances toward advanced self-driving rollout in China as chief Elon Musk meets…
New UK rules bring in basic security requirements for millions of internet-connected devices, aiming to…
Google parent Alphabet sees market capitalisation surge over $2tn on plan to over first-ever cash…
Google asks Virginia federal court to dismiss case brought by US Justice Department and eight…
Snapchat parent Snap reports user growth, revenues in spite of tough competition, in what may…