Cisco to buy Scientific-Atlanta for $6.9 billion
Business and Law Brief

Cisco to buy Scientific-Atlanta for $6.9 billion

Cisco Systems on Friday said it would buy Scientific-Atlanta, a leading U.S. maker of cable television set-top boxes, for $6.9 billion in a deal that would move the networking equipment giant more deeply into the consumer market.

The deal is part of Cisco's efforts to find new technologies and businesses to spark revenue growth and boost its stock.

Read the complete story here. (Reuters)