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Arris Group Inc (ARRS)

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  • Mon, Jun. 29, 5:54 PM
  • Wed, Apr. 22, 5:17 PM
  • Tue, Apr. 14, 9:49 AM
  • Apr. 12, 2013, 10:11 AM
    The DOJ signs off on Arris' (ARRS) $2.35B purchase of Motorola Home from Google (GOOG), paving the way for the acquisition to close around April 17. The deal stands to create a giant in the set-top/cable infrastructure space, and a major rival to Cisco's Scientific-Atlanta unit. (previous)
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  • Dec. 19, 2012, 6:28 PM
    Google (GOOG) is selling Motorola Home for $2.35B ($2.05B in cash + $300M in stock) to Arris (ARRS). The division, which sells set-top boxes, infrastructure gear, and other hardware to pay-TV and broadband providers, had revenue of $3.4B in the 4 quarters ending Sep. 30. Arris, which closed with a market cap of just $1.65B, is halted. The deal will be "significantly accretive" to Arris' EPS and give Google a 15.7% stake in the company, which will probably have to raise a lot of debt to finance the purchase. (previous)
  • Dec. 10, 2012, 2:08 AM
    Cable infrastructure vendor Arris (ARRS) and U.K. set-top box maker Pace have "made the most compelling bids" for Motorola Mobility's (GOOG) set-top/cable infra unit, Bloomberg reports. A complex financing structure in which Google maintains equity and patents might prevent a deal from closing this year. P-E firms are said to be uninterested in the unit, which has to contend with an industry shift towards cloud-based apps, and potentially costly litigation with TiVo. Cisco's (CSCO) cable unit could benefit from any turmoil related to the sale. (previous)
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  • Oct. 11, 2011, 7:34 AM
    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.
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  • May 27, 2011, 7:56 AM
    SeaChange (SEAC) responds to reports that it's in talks to be bought out by Arris (ARRS), with a vague: "As we have previously announced... the committee is continuing to evaluate a range of strategic options for the company." Shares were +21% in AH trading.
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  • May 26, 2011, 6:01 PM
    Communications equipment maker Arris (ARRS) is in talks to buy SeaChange International (SEAC), a maker of digital video gear, WSJ reports. TiVo (TIVO) and NDS Group, a technology provider for pay-TV operators owned by News Corp. (NWS) and buyout firm Permira, also reportedly considered buying SEAC but have lost interest.
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Company Description
ARRIS Group Inc provides entertainment & communications solutions. It provides Customer Premises Equipment including set-top, gateway, DSL & cable modem; and Network & Cloud including video infrastructure, access & transport, & cloud solutions.