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Cisco to Acquire Set-top Box Maker Scientific-Atlanta for $6.9 Billion

Authored by Mark Hefflinger on November 18, 2005 - 3:33am.
Lawrenceville, Ga. - Cisco Systems, the network equipment-making powerhouse, has agreed to pay $6.9 billion in cash to acquire Scientific-Atlanta, a manufacturer of set-top boxes for digital cable and satellite TV services. Cisco said that the acquisition completes its "triple play solution for carrier networks and the digital home." "Video is emerging as the key strategic application in the service provider bundle of consumer entertainment, communication and online services," said John Chambers, CEO of Cisco Systems. Scientific-Atlanta offers transmission networks for broadband access to the home, digital interactive set-tops and subscriber systems designed for video, high-speed Internet and voice over IP (VoIP) networks. Under the acquisition terms, Cisco will pay $43 per share in cash for Scientific-Atlanta, and assume outstanding options for a total purchase price of about $6.9 billion.
http://biz.yahoo.com/bw/051118/20051118005234.html?.v=2 
http://biz.yahoo.com/rb/051118/scientificatlanta.html?.v=5 (Reuters)
http://news.com.com/Cisco+goes+for+video/2100-1034_3-5960479.html 
http://www.cisco.com
http://www.sciatl.com
tags: Scientific-Atlanta | Cisco | Set-top Box |

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