Arris Group Inc. (ARRS) Tuesday said it agreed to buy the assets of Digeo, Inc., including its intellectual property portfolio, for a cash purchase price of approximately $20 million. The company said the Digeo acquisition, along with the recently announced acquisition of EG Technology, provides ARRIS with substantial technical expertise in video networking and an innovative multimedia services delivery platform. The deal is expected to close early in the fourth quarter of 2009.
According to the company, the engineering talent and intellectual property acquired as part of these transactions would be combined with ARRIS' internal development efforts to accelerate the introduction of next-generation IP-based consumer video products and services.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.