Comcast to pay USD 150 mln to match Google's 7.85% in Arris

News Broadband United States 15 JAN 2013
Comcast to pay USD 150 mln to match Google's 7.85% in Arris
US cable operator Comcast has agreed to buy an around 7.85 percent stake in STB maker Arris for USD 150 million. Comcast is purchasing 10.6 million shares. The transaction is conditional upon the completion of Arris's USD 2.35 billion acquisition of Motorola Home from Google subsidiary Motorola Mobility, which will give Google also about 7.85 percent of Arris. The operation is subject to customary regulatory approval.

Categories:

Internet,  Video

Companies:

Arris,  Comcast,  Google

Countries:

United States

Tags:

Unified communications, Consumer devices, Cable - Docsis, Internet Access, Broadcast, Consumer, Satellite, M&A buyouts & divestments

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