CommScope (CTV), a maker of telecommunications equipment, said that private-equity firm Carlyle Group is in talks to buy the company for about $3 billion.
If the deal goes through, Carlyle would acquire all of CommScope%u2019s outstanding stock for $31.50 a share in cash, Bloomberg News said. That would represent a premium of 36% over CommScope%u2019s closing price on Oct. 22.
EarthLink will acquire Southeastern telecom company ITC DeltaCom in a deal valued at $516 million, the Internet service provider announced Friday. Earthlink views the acquisition as an opportunity to grow its corporate business while reducing the cost of offering consumers Internet service.