ATLANTA - Telecommunications tech vendor CommScope is conducting acquisition talks with cable tech company Arris, Reuters reports.
Both companies have presence at the just-about-to-end SCTE Cable-Tec Expo Show, positioned not too far from Arris’ Suwanee, Ga. headquarters. Neither is commenting at this point.
As Reuters noted, Arris shares spiked 13% on Wednesday, with rumor of the deal talks hitting Wall Street.
"We see some industrial logic to the deal, but we are not prepared to believe it,” wrote Raymond James analyst Simon Leopold, who published a note on the reported deal talks. "We see very little overlap for cost synergies beyond G&A. The companies are quite different, with Arris focused on electronics and CommScope on apparatus."
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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