Keyword: Brocade Communications
After numerous delays, Broadcom has finally completed its yearlong $5.5 billion quest to buy Brocade Systems, clearing the way for Arris to purchase Brocade’s Ruckus Wireless assets.
Arris International said it's confident that its $800 million purchase from Brocade of Ruckus Wireless and the ICX switch business will eventually go through, despite an unexpected regulatory hurdle.
As expected, Arris has confirmed the $800 million purchase of the Ruckus Wireless and ICX switching operations from Brocade Communications.
Arris reportedly could officially announce its anticipated $1 billion purchase of Brocade Communications Systems as soon as today.