It looks like Cisco's latest move to expand its videoconferencing war chest with an impending $3 billion acquisition of TANDBERG might come to an end. This news arrives only a few weeks after Tandberg shareholders said they would not approve Cisco's offer.
A number of reports emerged late last week that Cisco will abandon the deal if TANDBERG's investors do not approve it.
Not so fast say some analysts. Given company CEO John Chambers' statements in building a video product suite to accommodate consumers, service providers and enterprises, some financial analysts think that Cisco's announcement is nothing more than a scare tactic.
"I think it's quite unlikely that they'll drop their offer, everything points to them buying TANDBERG," said Martin Hoff, an Arctic Securities ASA analyst in a Bloomberg article via xChange Magazine. "It's probably smart of them to send some signals to scare the shareholders into accepting the offer."
For more:
- xChange has this article
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