Cisco Systems has finally managed to acquire video-conferencing vendor Tandberg.
The networking giant announced Monday that it has completed a so-called voluntary offer for Tandberg, with 91.1 percent control of the Oslo, Norway-based company. Cisco said it will now launch a compulsory acquisition to pick up the rest of the outstanding shares. Following that move, Cisco will have paid $3.3 billion (19 billion Norwegian kroner) to own the company it has sought since its initial bid in October.
Former Tandberg CEO Fredrik Halvorsen will join Cisco as the senior vice president and head of Cisco's new TelePresence … Read more