Financial Times FT.com

Cisco launches $3bn bid for Tandberg

By Richard Waters in San Francisco

Published: October 1 2009 07:55 | Last updated: October 1 2009 15:17

Cisco announced a $3bn cash offer for Tandberg, a Norwegian videoconferencing company, early Thursday, throwing down another challenge to Microsoft as it pushes deeper into the online collaboration business.

The acquisition is the largest since the US network equipment maker’s $3.2bn cash purchase of online collaboration company Webex in 2007, and is set to round out its portfolio of video, messaging and other collaboration tools.

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