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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

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