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Google Sells Motorola Home to Arris for $2.35 Billion

Discussion in 'Off-Topic Discussion' started by dtaylor, Dec 20, 2012.

  1. dtaylor

    dtaylor Member

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    Motorola Home was a division of Motorola Mobility(which Google purchased). Motorola Home produced cable set-top boxes and cable modems among other things.

    http://techcrunch.com/2012/12/19/mo...band-unit-for-2-35b-to-double-down-on-mobile/

    http://ir.arrisi.com/phoenix.zhtml?c=87823&p=irol-newsArticle&ID=1768783&highlight=

    http://www.theverge.com/2012/12/19/...e-to-arris-for-2-35-billion-in-cash-and-stock

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  2. CatfishRivers

    CatfishRivers Well-Known Member

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    Google didn't sell Motorola Home so much as it gained Arris - SlashGear

    "If you've been watching Google over the past few months (or years if you watched closely), you've been seeing them move closer and closer to a fully armed and operational battle station made to take on the smartphone universe top to bottom.

    What we've just seen this evening here in the USA is a trade (though they call it a sale) between Google and the broadband media technology company known as Arris with "Motorola Home" being given to Arris in exchange for $300 million in Arris shares and a seemingly much more significant monetary lump sum ($2.05 billion) - but hear this: Google will own about 15.7% of Arris at the close of this transaction: this could potentially be much more important than the TV Set-top business they've just sold."
     
    Last edited: Dec 20, 2012
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