Cisco to sell set-top box business to Technicolor

Thursday 23 July 2015 | 09:07 CET | News
Cisco is exiting the set-top box market and selling its activities to Technicolor for EUR 550 million. Cisco will receive EUR 413 million in cash and EUR 137 million in new Technicolor shares as payment. Technicolor said the takeover will boost its global market share to around 15 percent, with around 60 million devices shipped each year and an installed base of around 290 million STBs and 185 million gateways. As a result of the acquisition, Technicolor's Connected Home segment is expected to more than double revenues to over EUR 3 billion per year and reach over EUR 200 million in annual

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Categories: Broadcast & Satellite / Internet
Companies: Cisco / Technicolor
Countries: World
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