Домой United States USA — IT Arris Agrees To Buy Brocade's Networking Assets From Broadcom For $800 Million

Arris Agrees To Buy Brocade's Networking Assets From Broadcom For $800 Million

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The deal, which includes Ruckus Wireless, hinges on Broadcom closing Brocade acquisition later this year.
Arris International agreed on Wednesday to buy Brocade’s network-edge portfolio, including the Ruckus Wireless and ICX Switch product families, once Broadcom closes its deal to acquire Brocade.
Arris, the telecom equipment maker headquartered in Suwanee, Ga., will pay Broadcom $800 million in cash for those Brocade networking assets, in addition to covering costs associated with some employee stock options.
The deal hinges on chipmaker Broadcom completing the $5.9 billion acquisition of networking vendor Brocade, as announced in November. Brocade shareholders approved that deal last month, and Broadcom said it expects to close in its third fiscal quarter.
[Related: Brocade Partners Hold Off Investments As Lack Of Clarity Looms Over Broadcom Acquisition ]
A Reuters story reporting negotiations between Arris and Broadcom last month noted Broadcom’s plans to divest some of Brocade’s networking assets, including the Ruckus wireless business that Brocade had acquired in April .

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