TECHNOLOGY Cisco Systems, the world’s largest maker of networking equipment, on Friday said it controlled more than 90 per cent of shares in Tandberg, effectively securing its $3.38bn bid for the Norwegian company. The deal will make Cisco a leader in the fast-growing video conferencing market.
However, outstanding regulatory issues hang over the deal after the US Department of Justice asked for further information on the proposed combination. Cisco said on Friday that it had received a “second request” for information by the DOJ, signalling the regulator has competition concerns.
