Arris will acquire C-Cor for a price of approximately $730 million. Arris offers cable modem and cable telephony systems. C-Cor is a leading video on demand system provider to cable and TelcoTV service providers. The merger is anticipated to close in January 2008.
This looks like a strong combination. C-Cor's video on demand business is additive to Arris. Our recent report Opportunities in TelcoTV identifies that C-Cor is likely to be the number two IPTV video systems company over the period from 2006 to 2012.
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