On the face of it, Cisco's bid to purchase Norwegian videoconferencing rival Tandberg for $2.98 billion looks like a crushing victory for Cisco. After all, CEO John Chambers has been a tireless advocate for Cisco's version of the technology, using it to slash his travel budget and pitch a new way to work – and he's nabbing Tandberg for a mere 11% premium over Wednesday closing stock price. (Tandberg trades on the Oslo Stock Exchange.)
Surely Tandberg must have seen the growing threat from Cisco (CSCO), and wilted under pressure?
Not exactly. Read the fine print, and this looks like a good deal for Tandberg for three reasons. More
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