DOJ Won't Block Arris/Pace Merger, Arris Says
The Justice Department closed its review of Arris' buy of Pace without imposing any antitrust conditions, Arris said in a news release Tuesday. The takeover still is going through merger control regulatory review in Brazil, though it received needed clearances…
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in Colombia, Germany, Portugal and South Africa, Arris said. The set-top box company cited regulatory review issues -- particularly DOJ concerns -- when it said in October that the $2.1 billion deal likely would happen in early 2016 instead of Q4 (see 1510190008).