Private equity firm Permira is buying Cisco's video software business, known as the NDS Group, sources say for ~$1B; Cisco had bought it from Permira for $5B (Bloomberg)

Bloomberg:
Private equity firm Permira is buying Cisco's video software business, known as the NDS Group, sources say for ~$1B; Cisco had bought it from Permira for $5B  —  Cisco bought NDS Group from Permira in 2012 for $5 billion  —  Cisco is shifting away from tech such as satellite boxes

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