ARRIS Group to acquire assets of Digeo
Sep 23, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: Arris Group Inc. (ARRS)
ARRIS Group, Inc. has agreed to acquire the assets, including intellectual property portfolio, of Digeo, Inc., a developer of home entertainment technologies, for a cash consideration of approximately $20 million. Both the companies are based in the US.
ARRIS Group is a communications technology company engaged in the design and engineering of equipment for broadband networks.
ARRIS will acquire an extensive intellectual property portfolio in technologies including digital video recording, home networking, e-commerce, and multimedia. The transaction is expected to close early in the fourth quarter of 2009.
Deal Value (US$ Million) 20 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2009-09-22
Deal Participants
Target (Company) Digeo, Inc. - Assets Acquirer (Company) ARRIS Group, Inc. Vendor (Company) Digeo, Inc.
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News Provided by COMTEX
Company: Arris Group Inc. (ARRS)
Related terms: acquisition, bandwidth, communications, ecommerce, engineering, multimedia, property, technology
