Cisco increases its offer for the purchase of Tandberg

Cisco has increased its offer for Norway's Tandberg with the backing of more than a 40 percent of its shareholders, many of whom had until now opposed.

Until 170 Norwegian crowns for each Tandberg share Cisco would be willing to pay in order to convince the hard core of shareholders of the Norwegian company that had flatly rejected the previous offer of 153,50 crowns. With this offer, Cisco takes a new step in the purchase of Tandberg, valuing the company at 19.000 million Norwegian crowns (3.410 million dollars). And the network giant is determined to incorporate one of the world's leading companies in videoconferencing and coding into its group.. Videoconferencing is precisely one of the business areas that, curiously, greater increase in is being achieved since in the midst of the crisis many companies are saving costs on travel by investing in advanced remote audiovisual communication systems, with great boom in telepresence.