Arris completes acquisition of Motorola Home

Wednesday 17 April 2013 | 19:50 CET | News
Arris has announced it has completed its acquisition of the Motorola Home business from a subsidiary of Google. The combination will enable Arris to transform how service and content providers deliver entertainment and communications. Arris paid Google approximately USD 2.2 billion in cash and issued Google 10.6 million shares of its common stock in connection with the transaction. The cash portion of the consideration was funded through syndicated debt financing and the sale by Arris of 10.6 million Arris shares to Comcast. As a result of these securities transactions, Google and Comcast

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Categories: Broadcast & Satellite / Internet
Companies: Arris / Comcast / Google
Countries: United States
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