Google announced today that it has sold the Motorola Home business that it acquired earlier this year to the Arris Group for a sum of $2.35 billion in cash and stock. Google has been shopping around the Home side of Motorola for quite some time, with Arris and Pace Plc both considered to be front-runners for the purchase. As per the terms of the agreement, Google will receive about $2.05 billion in cash and $300 million in Arris common shares, giving Google an approximate ownership of 15.7 percent in the company. In addition to obtaining ownership of Motorola Home, Arris will also gain access to license Motorola Mobility patents.
Arris will likely use this acquisition of Motorola Home to expand its current services of providing back-end...
via The Verge - All Posts http://www.theverge.com/2012/12/19/3786086/google-sells-motorola-home-to-arris-for-2-35-billion-in-cash-and-stock
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