Update: NDS Now A Private Company

Written by: Aaron Katsman | February 5, 2009

The deal that took Israeli tech firm NDS private after a buyout from Newscorp (NYSE: NWS), was completed. According to Globes: “NDS Group plc is now a private company, after the High Court of Justice in England and Wales approved the remaining elements of the share buyout by Robert Murdoch’s News Corporation and two subsidiaries of funds advised by Permira Advisers LLP, effective today. NDS’s share was delisted from trading on Nasdaq yesterday. News Corp and Permira bought the public’s stake in NDS at $63 per share for a total of $3.7 billion.”

This marks the end of one of Israel’s better performing stocks.

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