Video stays hot — Motorola to buy Broadbus?

July 21, 2006 | Matt Marshall
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Motorola is close to acquiring East Coast company that sells servers and other products for television-on-demand offerings, Broadbus Inc, for approximately $186 million in cash, PE Week reports.

It has raised $57 million since 1999 at varying valuations from investors like Battery Ventures, Charles River Ventures, Comcast Interactive, Star Ventures and Wolf Ventures — so we’re not certain if there was a payoff or not. But could it stoke the frenzy among Silicon Valley investors to invest in these sorts of video delivery infrastructure companies, or push big companies to more aggressively snap them up? PE Week says Cisco has targeted Arroyo Video Solutions, of Pleasanton, as an alternative. We haven’t confirmed any of this. A Motorola spokesman declined to confirm or deny the deal.

Broadbus has sold to major cable providers, like Adelphia, Charter Communications, Comcast, Rogers Cable and Time Warner Cable.

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About the Author,

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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