Arris and C-Cor announced today that their respective shareholders have approved Arris’ purchase of C-Cor, with approximately 98 percent of the votes cast in favor of the deal.
Arris and C-Cor expect the $730 million cash and stock transaction to close later today. The combined entities will create a company with more than $1.2 billion in sales within the past 12 months.
Suwannee, Georgia-based Arris counts Comcast, Cox, Time Warner Cable and Liberty Global among its customer base.
C-Cor – based in State College, Pa. – sells broadband access platforms for cable, as well as operations support systems and VOD systems. Earlier this year, C-Cor and the Comcast Media Center rolled out “VOD in a Box” for smaller operators. At this year’s SCTE Cable-Tec Expo, C-Cor demonstrated a combined solution for switched digital video (SDV) with Harmonic that used C-Cor’s nABLE Session and Resource Manager.
In February, Arris announced a $1.2 billon bid to purchase Tandberg Television, only to see Ericsson snap TandbergTV up for $1.4 billion.
