NDS, which develops software for multi-channel television networks, is in advanced talks to be acquired by Cisco Systems for $5 billion, financial newspaper Calcalist reported on Thursday.Founded in Israel in 1988 and headquartered in London, NDS is 51 percent owned by private equity fund Permira and 49 percent by News Corp. It maintains a large research and development centre in Jerusalem.Officials at NDS in Jerusalem could not be reached for comment.The deal's value is about 35 percent higher than NDS's value when it was delisted from the stock exchange in 2009, said Calcalist, one of Israel's top three financial newspapers.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. Shares of CSCO remained unchanged at $20.20. In the past year, the shares have traded as low as $13.30 and as high as $20.49. On average, 42183100 shares of CSCO exchange hands on a given day and today's volume is recorded at 8341.
News Corporation is a diversified global media company. Shares of NWSA remained unchanged at $20.02. In the past year, the shares have traded as low as $13.38 and as high as $20.36. On average, 16344700 shares of NWSA exchange hands on a given day and today's volume is recorded at 300.
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