Google sells Motorola Mobility Home, the set-top box division for $2.35 billion to Arris
There were two big bidders - British Pace and U.S. Arris. And now, Google announced it is selling Motorola Mobility Home to Arris for $2.35 billion in both cash and stock. Arris will pay Google $2.05 billion in cash and the remaining $300 million in stock.
The boards of the two companies have already approved the deal and it is expected to close in the second quarter of 2013, when and if it passes all necessary regulation. The share purchase will also give Google a 15.7% ownership in Arris.
And for Arris, it will also mean acquiring “a generous patent portfolio.”
source: Google via Tech Crunch
1. _Bone_ posted on 20 Dec 2012, 06:32 0
Billions flying around like nothing. Never even heard of the competing companies.
2. jroc74 posted on 20 Dec 2012, 07:22 0
I have heard of Arris. I think I had a modem by them. I thought Google woulda kept this for putting Google TV in cable boxes... Oh well.
3. protozeloz posted on 20 Dec 2012, 07:31 2
Yeah, I tough that too, was a bit dumb on their side
4. dragonscourgex posted on 20 Dec 2012, 08:00 1
Ya, I was also hoping Google would have held onto this. Would have given them away to extend their foot print into the home entertainment field. A box running android, leaked with the Google Play store and your account.
5. gwuhua1984 posted on 20 Dec 2012, 10:15 1
Good for Arris... now give me port forwarding option in my cable modem please...