Cisco Systems, Inc. Announces Intent To Acquire NDS Group Ltd

Cisco Systems, Inc. announced its intent to acquire NDS Group Ltd., a provider of video software and content security solutions that enable service providers and media companies to securely deliver and monetize new video entertainment experiences. Under the terms of the agreement, Cisco will pay approximately $5 billion, including the assumption of debt and retention-based incentives, to acquire all of the business and operations of NDS. The acquisition has been approved by the boards of directors of both companies. The acquisition is expected to close during the second half of calendar year 2012.