Technicolor Buys Cisco’s Set-Top Box And Home Broadband Unit: Reports

Paris-based media and entertainment technology company Technicolor is buying computer networking giant Cisco Systems’ set-top box and related home broadband equipment business for roughly $600 million, Bloomberg reported today. The deal will result in Technicolor becoming the No. 2 company worldwide in what is called “customer premises equipment” — phone gear, cable and satellite TV set-top boxes, routers and switches, and home monitoring/management devices — with total…

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