BigBand Networks Inc. (Nasdaq: BBND) declined to confirm a report by Globes that company founders -- President and CEO Amir Bassan-Eskenazi and former CTO Ran Oz -- have been let go before Arris Group Inc. (Nasdaq: ARRS) closes its acquisition of the digital video gear and software specialist. Globes says about 15 BigBand employees have been released so far, but that most of its 160 employees in Israel (most there are involved in R&D) will remain with the company. BigBand would only reiterate Arris's original intent to trim $7 million in quarterly opex savings by the third quarter of 2012 as it integrates its latest purchase and sheds redundant functions. (See Arris Snaps Up BigBand .)
Update: Arris announced on Monday that it had completed its tender offer for all outstanding shares of common stock of BigBand, and that it intends to close the merger today.
Cable Television Laboratories Inc. (CableLabs) and the National Cable & Telecommunications Association (NCTA) have launched an initiative to improve the energy efficiency of set-top boxes and other devices. Among the aims, the project will establish new requirements such as "sleep" capabilities that will reduce power consumption when cable subs aren't actively watching television. A key piece is a new CableLabs - Energy Lab, which will become operational in early 2012. Among other commitments, MSOs serving about 85 percent of U.S. cable subs will ensure that at least 90 percent of all new set-tops purchased and deployed by the end of 2013 are Energy Star 3.0-compliant.
John Malone's Liberty Media Corp. (NYSE: LMC) may boost its stake in troubled satellite radio firm Sirius XM, reports The New York Post. Liberty currently has a 40 percent stake in the company, which has 21.3 million subs.