UPDATED. A long running patent dispute between TiVo and Motorola (now owned by Google and Arris), Cisco and Time Warner Cable concerning recording technology has been resolved.
Arris chairman and CEO Bob Stanzione has welcomed record first quarter revenues ahead of the acquisition of Motorola Home.
Arris expects to close the acquisition of the Motorola Home business on or about April 17, 2013.
Arris has announced that it has entered into an agreement to sell approximately 10.6 million shares of its common stock, valued at $150.0 million, to Comcast Corporation.
Motorola Home is to be sold to Arris in a $2.35 billion (€1.92bn) deal. The share transaction – the purchase of 100% of General Instrument stock held by current owners Google – includes around 2,000 granted and pending patents as well as provisions against potential litigation that includes action by TiVo.
SeaChange has won a court challenge that its ITV video system had violated a 2006 court injunction.
The video infrastructure market generated revenues of $8.6 billion (€6.7 billion) for technology vendors in Q2 2012, according to Synergy Research Group.
CABLE CONGRESS – BRUSSELS. Arris is teaming up with German cable operator Kabel Deutschland and Sony for a live demonstration of DVB-C2 broadcast and VOD delivery at next week’s Cable Congress in Brussels.
Arris has released details of new products suitable for the introduction of the IPv6 internet protocol. It follows a week on the test benches of the Excentis lab in Ghent, Belgium.
Arris Group has announced that it has completed its existing share repurchase programme with the purchase in the second quarter 2011 of 2.6 million shares of common stock for an aggregate consideration of $30.7 million (€21.7 million).