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Cisco Closes Scientific-Atlanta Buyout
Cisco Systems completed its acquisition of Scientific-Atlanta Feb. 27, giving the San Jose, Calif.-based Internet Protocol (IP) systems and software giant a deeper stake in emerging IPTV, video-on-demand and Internet video-streaming markets.
Under the terms of the definitive agreement, Cisco paid $43 per share in cash, in exchange for each Scientific-Atlanta share. Cisco also assumed outstanding options for an aggregate purchase price of about $7 billion, slightly higher than the original $6.9 billion figure.
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