Google sells Motorola Mobility Home, the set-top box division for $2.35 billion to Arris

Google sells Motorola Mobility Home, the set-top box division for $2.35 billion to Arris
Google bought Motorola Mobility for $12.5 billion in what was probably the biggest tech deal of 2012, but while it was clear that the search giant is looking to strengthen its wireless patterns and fortify Android, it bought more than just the patents. Motorola Mobility’s Home set-top box division also came into Google’s possession and it was clear that the company wanted to get rid of it as soon as possible.

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

FEATURED VIDEO

6 Comments

1. _Bone_

Posts: 2155; Member since: Oct 29, 2012

Billions flying around like nothing. Never even heard of the competing companies.

6. mahony

Posts: 15; Member since: Apr 04, 2012

pace use to be called 2wire.

2. jroc74

Posts: 6023; Member since: Dec 30, 2010

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

Posts: 5396; Member since: Sep 16, 2010

Yeah, I tough that too, was a bit dumb on their side

4. dragonscourgex

Posts: 307; Member since: Jan 16, 2012

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

Posts: 1237; Member since: Mar 06, 2012

Good for Arris... now give me port forwarding option in my cable modem please...

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.