financetom
Business
financetom
/
Business
/
US requires Keysight to divest tech assets before buying UK-based Spirent
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US requires Keysight to divest tech assets before buying UK-based Spirent
Jun 2, 2025 12:10 PM

June 2 (Reuters) - The U.S. government will require

Keysight Technologies ( KEYS ) to divest three of Spirent

Communications' ( SPNUF ) businesses to resolve antitrust concerns

before it buys the British company, a purchase originally valued

at $1.5 billion.

In filings on Monday in the Washington, D.C., federal court,

the U.S. Department of Justice said the divested assets include

Spirent's high-speed ethernet testing, network security testing,

and radio frequency channel emulation businesses.

Keysight ( KEYS ) said in March it planned to sell those businesses

to Viavi Solutions ( VIAV ), once known as JDS Uniphase, for as

much as $425 million in cash.

The Justice Department said Keysight ( KEYS ) and Spirent together

account for 85% of the high-speed ethernet testing market, more

than 60% of the network security market, and more than 50% of

radio frequency channel emulation.

It said a merger without the divestitures might

substantially lessen competition and harm customers.

Keysight ( KEYS ) and Spirent did not immediately respond to requests

for comment.

Based in Santa Rosa, California, Keysight ( KEYS ) agreed in March

2024 to buy Crawley, U.K.-based Spirent for 1.16 billion British

pounds, now about $1.57 billion.

Viavi had agreed earlier that month to buy Spirent, but was

outbid by Keysight ( KEYS ).

($1 = 0.74 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Power Sustainable Closes $85 Million Financing In Canadian Fiber Optics Corp
Power Sustainable Closes $85 Million Financing In Canadian Fiber Optics Corp
Jan 14, 2025
10:37 AM EST, 01/14/2025 (MT Newswires) -- Power Sustainable Infrastructure Credit (PSIC), a subsidiary of Power Corporation of Canada ( PWCDF ) , on Tuesday said it has closed an $85 million financing for Canadian Fiber Optics Corporation (CFOC), to support the build-out of broadband internet in rural Western Canada. A statement noted CFOC designs, builds, and operates fiber optic...
What's Going On With Phio Pharmaceuticals Stock Today?
What's Going On With Phio Pharmaceuticals Stock Today?
Jan 14, 2025
Phio Pharmaceuticals Corp ( PHIO ). stock is trading lower following the company's announcement of a $3.19 million registered direct offering. Phio has entered into definitive agreements for the sale of 1.06 million shares of its common stock at a price of $3.00 per share in the offering, which is priced at-the-market under Nasdaq rules. In addition, the company will...
Calumet Units Plan $100 Million Private Placement Debt Offering; $65 Million ATM Share Sale Program Also Established
Calumet Units Plan $100 Million Private Placement Debt Offering; $65 Million ATM Share Sale Program Also Established
Jan 14, 2025
10:36 AM EST, 01/14/2025 (MT Newswires) -- Calumet (CLMT) said Tuesday its Calumet Specialty Products Partners and Calumet Finance units plan a $100 million private placement of 9.75% senior notes due 2028. The company plans to use the net proceeds to redeem part of the units' outstanding 11% senior notes due 2026 on or before April 15, 2025. Separately, Calumet...
Brazil 'seriously concerned' about Meta changes to hate speech policy
Brazil 'seriously concerned' about Meta changes to hate speech policy
Jan 14, 2025
BRASILIA, Jan 14 (Reuters) - Brazil's government said on Tuesday it is seriously concerned about Meta Platforms' ( META ) recently announced changes to its hate speech policy, adding it would hold a public hearing later this week to discuss the topic. Facebook owner Meta last week reduced curbs on discussions around contentious topics such as immigration and gender identity,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved