CommScope to Acquire Arris for $7.4B, Creating Cable Industry Heavyweight Poised for the Future
Daniel Simmons | Merrick Kingston | John Kendall | Paul Erickson | Richard Webb | Marianna Angelou
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November 28, 2018
US telecommunications equipment maker CommScope will acquire Arris, in a $7.4B deal valued at $5.69 billion, with the difference comprised of CommScope’s assumption of Arris’s debt. As part of the deal, the Carlyle Group will make a $1M equity investment in CommScope for an approximate 16% stake in the new company.
CommScope’s CEO Eddie Edwards has claimed the two companies’ product lines are complementary, and that the combined company will “enable end-to-end wired and wireless communications infrastructure solutions that neither company could otherwise achieve on its own.”
The deal is expected to close in the first half of 2019.
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