Cisco Says It Has Won Control of Tandberg

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Cisco Systems, the network equipment maker, said on Friday that it had control of more than 90 percent of the Norwegian videoconferencing company Tandberg, and would buy out remaining shareholders. Cisco said it had 89.1 percent acceptance for its offer of 19 billion Norwegian kroner, or $3.4 billion, in addition to the 2 percent of Tandberg, or 2.2 million shares, that it bought in November. The companies also said on Friday that the United States Justice Department had requested additional information about the deal.


Cisco Says It Has Won Control of Tandberg