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Mergers

CommScope in talks to buy Arris International, sources say

Key Points
  • Telecommunications equipment maker CommScope Holding is in talks to acquire set-top box maker Arris International.
  • Negotiations are ongoing and there is no certainty a deal will be reached.
Source: Commscope

Telecommunications equipment maker CommScope Holding is in talks to acquire set-top box maker Arris International, people familiar with the matter said on Wednesday.

The negotiations are ongoing and there is no certainty a deal will be reached, the sources said, asking not to be identified because the matter is confidential.

Arris and CommScope did not immediately respond to requests for comment.

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Tech

DirecTV is bleeding subscribers and it's dragging AT&T shares lower

Key Points
  • The second-largest U.S. wireless carrier has been reducing its dependency on the phone business in favor of a growing media business.
  • The company's satellite TV division DirecTV reported a staggering 346,000 net loss in subscribers for the quarter.
  • The division's direct-to-consumer streaming play, DirecTV Now, added just 49,000 subscribers during the period.