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.
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