Phone Scoop

printed September 22, 2014
See this page online at:
http://www.phonescoop.com/articles/article.php?a=11693

Home  ›  News  ›

Google Sells Motorola's Set Top Box Business for $2.35B

Article Comments  6  

Dec 20, 2012, 8:18 AM   by Eric M. Zeman

Google has announced plans to sell the cable box business it acquired with Motorola Mobility to Arris Group for $2.35 billion. Arris is providing Google with $2.05 billion in cash and the rest in stock. The deal gives Google ownership of approximately 16% of Arris. Both Google's and Arris' boards have approved the deal, though it still has to pass regulatory muster. Arris is based in Suwanee, Ga. Motorola had been shopping the cable box business around for several months. Google has recently sold some of Motorola's Chinese manufacturing facilities and closed down its Korean R&D offices. Motorola's mobile phone business continues to operate out of Chicago.

more info at Reuters »
more info at Wall Street Journal »

AD

Comments

Forum Options

This forum is closed.


Subject Author Date
So, what exactly are they keeping besides the patents? keithfrombm Dec 20, 2012, 9:02 AM
 
 
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2014 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
1