Market Chatter: Extreme Networks Mulls Acquisition of CommScope's Ruckus Networks for $1 Billion

MT Newswires Live01-14

Extreme Networks (EXTR) weighs buying Ruckus Networks from CommScope (COMM), Bloomberg reported Tuesday, citing people familiar with the matter.

Extreme Networks is evaluating a cash-and-stock offer for Ruckus, valuing the provider of Wi-Fi and networking systems at over $1 billion, the report said.

Deliberations are ongoing and a final decision on pursuing a deal has not been made yet, the people said, according to the news outlet.

Extreme Networks, CommScope did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 15.88, Change: +0.28, Percent Change: +1.79

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