With the recent acquisition of Arris by CommScope illustrative of a grave period ahead for the set top market, it was only a matter of time before Technicolor became the topic of takeover speculation. The French video technology vendor has since issued a statement, refusing to deny reports and saying that any discussions are at a preliminary stage. Another major set top exit therefore seems imminent, just three years after buying Cisco’s set top business for $600 million in cash and stock. Reports suggest Technicolor is investigating a full or partial sale of the business, including its connected home division which is currently in the midst of a three-year transformation project. To us, it sounds like the rumor mill is…