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Originally published September 23, 2009 at 12:17 AM | Page modified September 23, 2009 at 1:41 PM

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Paul Allen sells Digeo for $20M to Georgia company

Kirkland-based Digeo, a Paul Allen company that manufactures high-end television set-top boxes, has been sold to a Georgia maker of cable equipment for $20 million.

Seattle Times business staff

Kirkland-based Digeo, a Paul Allen company that manufactures high-end television set-top boxes, has been sold to a Georgia maker of cable equipment for $20 million.

The acquirer, Suwanee, Ga.-based Arris, plans to continue developing and selling the Moxi-branded boxes, using the brand to expand Arris' retail channel. According to a spokesman, Arris plans to retain most Digeo employees in Kirkland, with fewer than 10 of the 75 expected to be laid off.

Digeo, founded in 1999, was one of the largest local companies owned by Allen. Even as the tech industry slumped in the early part of this decade, Allen continued to pour money into Digeo, including the acquisition in 2002 of Moxi, then a high-profile California startup developing digital-media centers.

For Arris, the Digeo purchase and a recent acquisition of EG Technology fit into a strategy to establish the Georgia company as a leader in video networking, according to Arris Chairman and CEO Bob Stanzione.

"The Digeo acquisition, along with our acquisition of EGT last month, has enhanced our ability to aggressively pursue end-to-end video delivery initiatives," he said in a statement.

The companies will share more details during a media call today.

The Digeo sale is the latest technology investment Allen has unloaded.

Last week, he sold to a unit of AT&T the rights to wireless spectrum he purchased in 2003.

Earlier, bankruptcy proceedings for Charter Communications reduced Allen's stake in the cable company.

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