Arris, Charter Complete $135 Million ActiveVideo Buy

Arris and Charter Communications completed their $135 million acquisition of ActiveVideo, the companies said in a Friday news release. Arris now owns 65 percent of the joint venture company that Arris and Charter formed to set up the acquisition, they said. ActiveVideo is the developer of CloudTV, a cloud-based software platform enabling service providers, content creators and CE makers “to rapidly deploy new services by virtualizing consumer premises equipment functions in the cloud,” the companies said.