Cisco’s negotiations to sell NDS Group — a video software and STB unit it acquired from private equity firm Permira for $5 billion six years ago — have come full circle, with the company now in talks to sell the unit back to Permira at the much lower price of $1 billion.
Reports that Cisco was looking to sell the unit began to surface towards the end of 2017.
Analyst Comment
NDS was doing some very good work in STBs when it was taken over by Cisco and some veterans that we have spoken have wondered whatever prompted Cisco to buy the company as it lost a lot of technical momentum. (BR)
