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Arris-Pace acquisition gets Portuguese clearance

Arris’ planned acquisition of set-top box rival Pace has received “unconditional merger clearance” from the Portuguese Competition Authority, Arris has confirmed.

In a statement, Arris said that it has now obtained clearance in response to three of its six antitrust-related filings in connection with the combination. The Portuguese approval follows pre-conditional clearance in Germany and South Africa.

Arris agreed to buy Pace for US$2.1 billion (€1.95 billion) in April.