News Corporation and funds advised by Permira Advisers LLP announced
today that they have signed an agreement to sell NDS Group Limited to
Cisco Systems Inc. for approximately $5 billion, including the
assumption of debt. The transaction is subject to customary closing
conditions, including regulatory review in the U.S. and elsewhere, and
is expected to close during the second half of calendar year 2012.
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total
assets as of December 31, 2011 of approximately US$60 billion and total
annual revenues of approximately US$34 billion. News Corporation is a
diversified global media company with operations in six industry
segments: cable network programming; filmed entertainment; television;
direct broadcast satellite television; publishing; and other. The
activities of News Corporation are conducted principally in the United
States, Continental Europe, the United Kingdom, Australia, Asia and
Latin America.
About Permira
Permira is a European private equity firm with global reach. The
Permira funds, raised from pension funds and other institutions, make
long-term investments in companies with the ambition of transforming
their performance and driving sustainable growth. Founded in 1985, the
firm advises funds with a total committed capital of approximately €20
billion.
About NDS
NDS Group Ltd. creates the technologies and applications that
enable pay-TV operators to securely deliver digital content to TV STBs
(set-top boxes), DVRs (digital video recorders), PCs, mobiles and other
multimedia devices. Over 90 of the world’s leading pay-TV platforms rely
on NDS solutions to protect and enhance their business.
For more information about News Corporation, please visit www.newscorp.com.
