Arris pockets Tandberg TV for $1.2B

Arris follows Cisco and Motorola's leads with a high-profile acquisition of a leading company in the IPTV space: Tandberg TV for $1.2 billion. The deal has been unanimously recommended by Tandberg TV's board of directors, but 90 percent of its shareholders must still approve. Analysts expected the deal for some time, and the entire video sector has been waiting for Arris to enter the market since rival Cisco acquired Scientific Atlanta in late 2005 and Motorola bought Kreatel last year. Tandberg TV claims about 25 percent marketshare in the digital video sector, with products for compression, on-demand and interactive TV. Tandberg TV expects 2006 revenue to be about $350 million.

For more on the deal:
- see this article from CBR

Suggested Articles

From dawn to dusk, leading industry research will be shared across a dozen presentations.

NBCUniversal CEO Steve Burke is reportedly planning to leave his position next year, allowing Jeff Snell to take over the chief executive role.

AT&T, Charter and Comcast are ready to turn the page on a historically bad year for video subscriber losses, but 2020 could bring more of the same.