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Google Sells Motorola Home Business For $2.3 Billion

     

engine

1:04 pm on Dec 20, 2012 (gmt 0)

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



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]

mack

1:48 pm on Dec 20, 2012 (gmt 0)

WebmasterWorld Administrator mack is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



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.