0
Internet

Arris to acquire Motorola Home for USD 2.35 bln

Thursday 20 December 2012 | 08:51 CET | News
Arris has won the bidding to acquire the Motorola Home business from Google. Arris will pay USD 2.05 billion in cash and USD 300 million in new shares for the activities, giving Google a 15.7 percent stake in Arris after closing. The acquisition will be on a cash- and debt-free basis and is expected to be "significantly accretive" to Arris' adjusted earnings in the first full year after closing. 

In addition to the set-top box and video delivery operations of Motorola, Arris will acquire a number of patents and gain a licence to other Motorola Mobility patents. The deal boosts Arris' customer base to over 500 customers in 70 countries and will see its annual sales more than triple to USD 4.7 billion. Arris also expects USD 100-125 million in annual cost synergies from the takeover. 

The transaction is expected to close by the second quarter of 2013. Pace was the other declared bidder for the set-top box activities. 


Categories: Broadcast & Satellite / Internet
Companies: ARRIS / Google / Motorola Mobility
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






95% of the cable customers are Ziggo or UPC subscriber
Netherlands  |  2013 Q4

Calendar   /   Industry Events

23 Apr Texas Instruments Q1 2014
23 Apr Fortinet Q1 2014
23 Apr Infinera Q1 2014
23 Apr Apple Q2 FY14
23 Apr Motorola Solutions Q1 2014
23 Apr Facebook Q1 2014
23 Apr Ericsson Q1 2014
23 Apr Polycom Q1 2014
23 Apr Crown Castle Q1 2014
23 Apr TeliaSonera Q1 2014
23 Apr China SDN/NFV Conference 2014
24 Apr Mobistar Q1 2014
24 Apr Amazon.com Q1 2014
24 Apr Netgear Q1 2014
24 Apr Freescale Semiconductor Q1 2014
24 Apr Sequans Q1 2014
24 Apr Millicom Q1 2014
24 Apr Broadcom Q1 2014
24 Apr Time Warner Cable Q1 2014
24 Apr Sonus Networks Q1 2014
24 Apr Verisign Q1 2014
24 Apr Microsoft fiscal Q3
24 Apr Bharti Infratel Q4 2013-14
24 Apr Shoretel fiscal Q3
24 Apr Mail.ru Q1 2014
24 Apr Internap Q1 2014
24 Apr MTN Q1 2014
24 Apr AltiGen Communications fiscal Q2
24 Apr Verizon Q1 2014
24 Apr Telecoms Fraud Management and Revenue Assurance World Summit 2014
::: More Calendar Items