ARRIS, Charter Acquire ActiveVideo® Through New Joint Venture

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Go back to ARRIS, Charter Acquire ActiveVideo® Through New Joint Venture

ARRIS Group (ARRS), Charter (CHTR) Enter Joint Venture to Acquire ActiveVideo

April 14, 2015 7:13 AM EDT

ARRIS Group (NASDAQ: ARRS) and Charter Communications, Inc. (Nasdaq: CHTR) (Charter) announced today that they established a joint venture that has agreed to acquire ActiveVideo for approximately $135 million. ARRIS will own 65% of the joint venture company and will be the sales channel for ActiveVideo's CloudTV platform. Closing of the transaction is expected to occur in the second quarter, subject to customary closing conditions, including receipt of necessary regulatory approvals.

ActiveVideo is the developer of CloudTV, the only cloud-based software platform enabling service providers, content aggregators, and consumer electronic (CE)... More