“Former Israeli company NDS, which operates a large R&D center in Jerusalem, is in advanced acquisition talks with information technology giant Cisco, Calcalist reported Thursday. The company, which develops software solutions for multi-channel television networks and is owned by the Premira fund and News Corp, is expected to finalize the sale within days in a mega-deal estimated at $5 billion.
“NDS was founded in 1988 in Jerusalem by a group of scientists from the Weizmann Institute of Science. The company specializes in the development of interactive systems for secure delivery of entertainment and information to digital TVs, digital set-top boxes, PCs and mobile devices. NDS also provides electronic security solutions for web applications.”