Tandberg TV Board Backs Ericsson Bid

Spangler, Todd
March 2007
Multichannel News;3/12/2007, Vol. 28 Issue 11, p33
The article reports that the board of directors of Tandberg Television is recommending to its shareholders to accept the takeover bid of Ericsson. The company will accept the Ericsson bid worth $1.4 billion instead of Arris Group. Ericsson is interested in Tandberg due to its fast-growing Internet Protocol TV markets. The offer must be approved by the regulated bodies and the shareholders and once the deal will be completed, Tandberg will become a wholly owned subsidiary of Ericsson.


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