Tuesday, February 28, 2006

Cisco Completes $6.9 Billion Deal for Set-top Box Firm Scientific-Atlanta

San Jose, Calif. - Cisco Systems, the network equipment giant, said on Monday that it has completed its $6.9 billion acquisition of Scientific-Atlanta, a Georgia-based provider of digital video delivery equipment. Cisco said that the deal, first announced in November, will give it a stronger presence in the home entertainment market. Earlier this month, Cisco announced plans raise $5.5 billion in a new debt offering, with plans to use a portion of the proceeds to fund the acquisition.


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