ARRIS Agrees to Acquire BigBand Networks in all Cash Transaction for $2.24 per Share

ARRIS Group, Inc.

and BigBand Networks

today announced that they have entered into a definitive agreement whereby ARRIS will acquire BigBand Networks for a purchase price of $2.24 per share in cash. This equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on hand.