On 22 April 2015, the Boards of Pace and Arris Group announced that they had reached agreement on the terms of a recommended combination of Pace with Arris, in a stock and cash deal that valued Pace at UKP £1.4Bn (USD $2.1Bn). The combination was conditional on, amongst other things, shareholder approval from both Pace and Arris shareholders and also the receipt of merger control clearances in a number of jurisdictions including Brazil, Colombia, Germany, Portugal, South Africa and the United States.