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

Article Comments  6  

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

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 »



This forum is closed.

This forum is closed.


Dec 20, 2012, 9:02 AM

So, what exactly are they keeping besides the patents?

They seem to be shuttering EVERY piece and plant of Motorola. Are they still planning on making phones, or are they just going to license the patents and slap the name on some half@$$ LG POS?
At its heart, Google is a software and services company, not an OEM.
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