Arris to complete Motorola Home purchase
April 15, 2013
By Chris Forrester
Arris will this week wrap up its $2.35 billion purchase of Motorola Home, from Google, along with the 2000-plus patents held by the business. Last week the US Department of Justice gave its approval to the deal, originally announced last December.
The purchase came about following Google’s $12.5 billion purchase of Motorola Mobility along with its mobile handset and set-top box divisions. The sale of Motorola Home in essence involves the company’s set-top box division.
Arris paid a total of $2.35 billion in a cash+shares deal, and in return gets its hands on about $880 millions-worth of quarterly revenues and a set-top box division that has supply links with many US cable MSOs.
Other posts by :
- Bank: Space industry worth $1tn by 2040
- Xona Space wants 259 LEO satellites
- 36 major airlines now committed to Starlink
- Quilty: Top 5 Washington Satellite show takeaways
- Space Wars: Starlink vs Amazon Leo
- Eutelsat seeks ISRO deal for launches
- Virgin Galactic sets prices for space tourists
- Devas vs Antrix rumbles on
- Shotwell makes TIME front cover
