One day after Arris announced its plan to acquire Motorola Home for $2.35bln, shares of the vendor rose, closing up nearly 3.6%. Cable should be happy to have Google out of its hair, with familiar face Arris buying the Google set-top unit for $2.05bln in cash and approx $300mln in newly issued Arris shares. And Arris is happy to not only gain the assets, but diversify its customer base. Analysts comment on what the deal means for Arris and the industry as a whole while execs talk the future of the company.
More top stories in today’s CableFAX Daily:
Mediacom announced several programming deals Thurs, including retrans renewals with Capital, Citadel, Sinclair, with which it has fought a few high-profile battles over the years. Read on for additional deals.
Sen Ron Wyden (D-OR) proposed data caps legislation that encourages transparency for customers so they can better understand their monthly data usage and to ensure that a cap on data doesn’t deter innovation. Find out which company praised the move.
In a notice Wed, the Media Bureau offered broadcasters some guidance on filing anonymous incentive auction comments.