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Bethel Finance news:
Pay TV encryption software solutions developer NDS Group Ltd. will seek to raise up to a gross $100 million in an IPO on Nasdaq, to again become a public company, according to a filing with the US Securities and Exchange Commission (SEC) yesterday. The company plans to use the proceeds to pay down debt and to fund general corporate purposes.
NDS was founded in Jerusalem in 1988, and became a subsidiary of Rupert Murdoch's News Corporation (NYSE: NWS, NWSA; ASX: NCP) in 1992. NDS went public on Nasdaq in 1999, and was delisted in 2009, when News Corp. and Permira Advisers LLP acquired full control of the company for $3.6 billion and delisted it. Permira owns 51% of NDS and News Corp. owns the rest.
NDS says that its customers include British Sky Broadcasting Group plc (LSE: BSY), China Central Television, and DirecTV Group Inc. (NYSE: DTV). It said that about one-third of the world's digital pay-TV households use its technology, citing market data from 2011 Screen Digest
NDS posted a net profit of $4.5 million on $213.9 million for the third quarter of 2011.
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