Cable infrastructure gear vendor Arris (ARRS) has agreed to acquire smaller peer BigBand...

|By:, SA News Editor

Cable infrastructure gear vendor Arris (ARRS) has agreed to acquire smaller peer BigBand Networks (BBND) for $2.24/share in cash, a 76% premium to BigBand's Monday close. BigBand was a pioneer in the development of switched digital video technology, which increases cable network capacity, but has fallen on hard times as competitors have caught up.