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October 11, 2011 03:15 pm GMT
Global communications technology giant ARRIS has agreed to acquire struggling video networking company BigBand Networks for $2.24 per share, in cash, the company announced this morning.The purchase price equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on hand.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QRzk8Lkbkas/
ARRIS Buys Digital Video Networking Company BigBand For $2.24 Per Share In Cash
Global communications technology giant ARRIS has agreed to acquire struggling video networking company BigBand Networks for $2.24 per share, in cash, the company announced this morning.The purchase price equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on hand.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QRzk8Lkbkas/
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