After officially closing its $2.1 billion purchase of rival UK set-top maker Pace, Arris announced the executive structure for the combined company.
Arris announced that the High Court of Justice in England and Wales has conditionally approved its $2.1 billion acquisition of Pace, setting up the deal to close on Jan. 4.
No. 1 pay-TV cable CPE maker Arris said its merger with No. 2 UK rival Pace has cleared the Department of Justice, with nary a condition.
Arris says the U.S. Department of Justice has requested additional information about "certain optical transmission products," and Arris' proposed $2.1 billion purchase of Pace won't close until at least late December.
Matthew Strauss describes the creation of company's X1 platform as a "big moment" for Comcast. He said the X1 takes "all the learnings we had from mobile and all the learnings we had from on-demand, and brings it back to the television."
French media technology conglomerate Technicolor has agreed to purchase Cisco's customer premises equipment (CPE) division for $602 million, a move delivers a second burst of consolidation to the fast-declining pay-TV set-top industry.
In the 2000s, global sales of pay-TV set-tops boomed, as operators raced to keep up with consumer demand for digital video recorders, HD and digital cable. But all winning streaks eventually come...
The once fast-growing pay-TV set-top market is changing fast. And for set-top manufacturers, it's not for the better, as the forces of operator consolidation and pay-TV market maturity, as well as the emergence of cloud-based video distribution systems, begin to take their toll.
Merging the world's two largest set-top makers, Arris' $2.1 billion acquisition of Pace offers insulation from a volatile U.S. pay-TV market, as well as the unpredictable revenue streams of the disparate CPE product cycles, analysts say.
Set-top maker Arris has agreed to acquire its competitor Pace for $2.1 billion in stock and cash. The deal will provide Arris will an entry into the satellite business as well as beef up its customer base. The newly merged company will be incorporated in the U.K. but its headquarters will remain in Suwanee, Ga.