| Google Sells Motorola Home Business For $2.3 Billion
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engine
msg:4529893 | 1:04 pm on Dec 20, 2012 (gmt 0) |
Google has sold the Motorola Home set-top business -- which it inherited as part of its $12.5 billion acquisition of Motorola Mobility earlier this year -- to the Arris Group, for $2.35 billion in cash and stock.
Under the terms of the deal, Google will receive $2.05 billion in cash and $300 million in newly issued stock, giving it a 15.7 percent ownership stake in Arris upon the deal's closure. Arris will also gain access to a collection of Motorola Mobility patents.
Google Sells Motorola Home Business For $2.3 Billion [news.cnet.com] |
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mack
msg:4529904 | 1:48 pm on Dec 20, 2012 (gmt 0) |
I think google are struggling to make a return on Motorola mobility. Selling part if it will paint a prettier picture for the books.
Mack.
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