Deals
Cisco Is Said to Seek Buyer for Digital-TV Software Unit NDS
- Deal would unwind $5 billion acquisition made in 2012
- Unit is part of shrinking service-provider video business
Cisco Systems Inc. headquarters in San Jose, Calif.
Photographer: David Paul Morris/Bloomberg
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Cisco Systems Inc. is seeking a buyer for its video-software unit, according to people familiar with the process, part of an effort to sharpen focus on the fast-changing network-infrastructure business.
The San Jose, California-based company is soliciting offers for NDS Group, said the people, who asked not to be identified because the process is private. A Cisco representative declined to comment.