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.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.