Cisco’s $5 billion purchase of TV software developer NDS received unconditional approval from the European Commission. Cisco reportedly acquired the company because of VideoGuard – a product installed via smartcard in set-top boxes that creates a secure connection from TV operator’s pay-TV services to other media devices. The European Commission stated the “merged entity would continue to face competition from a number of strong competitors.”
NDS is owned 51 percent by private equity fund Permira and 49 percent by News Corp and is used by European companies BSkyB and Sky Italia as well as North American companies Cablevision Systems Corp, Comcast Corp, and Rogers Communications Inc.
Full content: Reuters
Related content: The Middle Way on Applying Antitrust to Information Technology
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI