Reuters: Technology News: NDS says Cisco deal on track despite allegations

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NDS says Cisco deal on track despite allegations Jun 6th 2012, 16:44 Tweet Share this Email Print Related News Dish, TV networks take fight over ad zapper to judges Thu, May 24 2012 Insight: Iran's "Great Game" in Afghanistan Thu, May 24 2012 Huawei gearing up to take on Cisco on its home turf Fri, May 11 2012 Cisco shares drop on tech spending worries Thu, May 10 2012 Cisco outlook underwhelms, economy fears persist Wed, May 9 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » The Cisco logo is displayed at the technology company's campus in San Jose, California February 3, 2010. Credit: Reuters/Robert Galbraith TEL AVIV | Wed Jun 6, 2012 12:44pm EDT TEL AVIV (Reuters) - Cisco's $5 billion acquisition of pay-TV smartcard maker NDS is on track despite the emergence of new allegations since the deal was announced that NDS used illegal means to undermine competitors, NDS's executive chairman told Reuters. "The due diligence was obviously over when we did the sale and purchase agreement," Abe Peled said on the sidelines of a cyber security conference in Tel Aviv on Wednesday. Asked whether Cisco had sought variations in terms or indemnities, he answered: "There is no change since we announced the deal." A BBC Panorama documentary broadcast in March, two weeks after News Corp and private equity firm Permira agreed to sell NDS to Cisco, alleged that NDS had hired a consultant to post the encryption codes of ITV Digital on his website. Widespread piracy after the online publication of the codes contributed to the 2002 collapse of ITV Digital, which was a key rival of Sky TV, the precursor to BSkyB, which is 39 percent owned by News Corp. "We are completely satisfied that there were no issues ever done by any NDS employees," Peled said. He added that regulatory approval for the sale to Cisco was expected in the fall. NDS was faced with a $3 billion lawsuit in 2002 from Canal Plus, which had supplied the scrambling technology for ITV Digital and accused NDS of extracting the code from the cards and leaking it onto the Internet. Canal Plus dropped the action in 2003 when News Corp bought Italian satellite pay TV company Telepiu from Canal Plus's then debt-stricken owner Vivendi. U.S. satellite TV provider EchoStar, which had tried to join the Canal Plus suit, then sued NDS in 2003 in a similar case. NDS was cleared of the main charges. (Reporting by Tova Cohen; Editing by Georgina Prodhan and Hans-Juergen Peters) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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