"Extreme Networks is investigating the acquisition of Ruckus Networks from CommScope. The deal could be worth more than $1 billion (€857 million). No decision has been made yet, and Extreme may decide not to proceed with the acquisition. This is according to Bloomberg, based on sources. At the close of trading on Monday, Extreme Networks had a market value of approximately $2.1 billion. CommScope shares rose 2.9 percent to $19.04, giving the company a market value of approximately $4.2 billion."
"Extreme Networks' customers are primarily large organizations, including the federal government and financial services providers. An acquisition would significantly expand its portfolio. Ruckus supplies Wi-Fi access points, network switches, and related software to hotels, schools, stadiums, and other customers. Its products are designed for environments where standard Wi-Fi often struggles. Ruckus has had an eventful ownership history. The company was founded in the early 2000s and went public in 2012."
Extreme Networks is exploring a possible acquisition of Ruckus Networks from CommScope for potentially more than $1 billion. Extreme had a market value of about $2.1 billion at the close of trading, while CommScope's market value rose to about $4.2 billion after a 2.9% share increase. Ruckus supplies Wi-Fi access points, network switches, and related software to hotels, schools, stadiums, and other customers, and focuses on environments where standard Wi-Fi struggles. Ruckus was founded in the early 2000s, went public in 2012, and has changed owners, including Brocade and Arris, before joining CommScope in 2019. CommScope sold its broadband and cable equipment division to Amphenol for approximately $10.5 billion and will rename the remaining company Vistance Networks.
Read at Techzine Global
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