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Cisco to Acquire China Set-Top Box Co for $44.5m
Communications and IT company Cisco Systems (Nasdaq:CSCO) plans to acquire Crystal Cube Limited, a wholly owned subsidiary of Hong Kong-based set-top box provider DVN (Holdings) Limited (0500.HK), for compensation of up to $44.5 billion, DVN Holdings announced October 3. The parties have signed an agreement, and the deal is expected to conclude in the first half of 2010, the announcement said.
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