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Motorola Completes Acquisition of Terayon Communication Systems
Jul 25, 2007
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Motorola, Inc. nnounced today that it has completed its acquisition of Terayon Communication Systems, Inc. Motorola acquired all of the outstanding shares of Terayon's common stock for US$1.80 per share in cash. The transaction has a total equity value of approximately $140 million on a fully-diluted basis.

The acquisition of Terayon and its software-driven application solutions enhances Motorola's video infrastructure and seamless mobility core by providing Motorola with industry-recognized video processing solutions that enable digital ad insertion, motion and graphical overlays, channel branding and channel line-up solutions as well as ad insertion delivery technologies. These solutions will enable Motorola's customers to optimize bandwidth and deliver content based upon the regional and local interest of viewers, accelerating the service provider's ability to evolve and capitalize on new business opportunities.

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