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Tandberg Television Snares N2 Broadband for $110 Million

Tandberg Television Snares N2 Broadband for $110 Million

Alan Breznick

December 20, 2004

1 Min Read
Tandberg Television Snares N2 Broadband for $110 Million

Tandberg Television is seeking to make a splash in the North American cable market. A leading British player in the digital video compression business, Tandberg announced an agreement in principle Friday to buy N2 Broadband Inc., an Atlanta-based video-on-demand (VOD) software provider, for an expected $110 million to $130 million in cash and stock. Tandberg officials said the tentative deal would spur their company's entry into the U.S. and Canadian cable markets and broaden their portfolio to include VOD software. They said the pact would also accelerate N2 Broadband's penetration of the European and Asia-Pacific markets. If all goes well, Tandberg and N2 Broadband aim to close the deal by April. Just in case, the two companies have agreed on a $3 million mutual breakup fee.

About the Author(s)

Alan Breznick

Cable/Video Practice Leader, Light Reading

Alan Breznick is a business editor and research analyst who has tracked the cable, broadband and video markets like an over-bred bloodhound for more than 20 years.

As a senior analyst at Light Reading's research arm, Heavy Reading, for six years, Alan authored numerous reports, columns, white papers and case studies, moderated dozens of webinars, and organized and hosted more than 15 -- count 'em --regional conferences on cable, broadband and IPTV technology topics. And all this while maintaining a summer job as an ostrich wrangler.

Before that, he was the founding editor of Light Reading Cable, transforming a monthly newsletter into a daily website. Prior to joining Light Reading, Alan was a broadband analyst for Kinetic Strategies and a contributing analyst for One Touch Intelligence.

He is based in the Toronto area, though is New York born and bred. Just ask, and he will take you on a power-walking tour of Manhattan, pointing out the tourist hotspots and the places that make up his personal timeline: The bench where he smoked his first pipe; the alley where he won his first fist fight. That kind of thing.

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