(Image Source: Bloomberg

BY SCOTT MALONE

ANCHOR LAUREN GORES

The search to find a buyer for a piece of a former technology world power ended Thursday. CNBC has the details.

“Google agreeing to sell set-top TV box maker Motorola Home to Arris Group. The price tag is $2.4 billion in cash and stock. Arris is a Georgia-based cable equipment maker.”

Google sought a buyer for the unit as it continues to focus on mobile phones amidst a growing rivalry with Apple. (Via MSNBC)

Google initially bought Motorola Mobility this past May, but as a writer for CNN Money points out: all signs have pointed to Google trying to play let’s make a deal for several months.

“Since the Motorola deal closed, Google has been quick to make moves aimed at turning the business around. In August, Google announced it would cut 4,000 Motorola employees, or 20% of the total workforce. At that point, Motorola Mobility had been unprofitable in 14 of the past 16 quarters.”

One Engadget blogger says Motorola Home and Google was never a match made in heaven, but “Google will be hanging onto the mobile device business and related patent library that spurred the $12.5 billion acquisition in the first place.”

A writer for Bloomberg spoke with Arris’ CEO after the announcement, and he says Arris came away from the table with plenty to brag about..

“Adding Motorola Home helps Arris more than triple sales … With Motorola Home, Arris will be able to get products to market faster, expand its customer base and become more relevant in the set-top box business.”

But a blogger for TechCrunch wondered about TiVO’s lawsuit against Motorola Mobility and its owner Google, and initially thought the suit could be a deal breaker. But Arris’ CEO says Google agreed to cap Arris’ liability in the case to ‘a very small number.’

The boards of the two companies expect the deal to be finalized in the second quarter of 2013.

Google Selling Motorola Home to Arris for $2.35 Billion

by Scott Malone
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Transcript
Dec 20, 2012

Google Selling Motorola Home to Arris for $2.35 Billion

(Image Source: Bloomberg

BY SCOTT MALONE

ANCHOR LAUREN GORES

The search to find a buyer for a piece of a former technology world power ended Thursday. CNBC has the details.

“Google agreeing to sell set-top TV box maker Motorola Home to Arris Group. The price tag is $2.4 billion in cash and stock. Arris is a Georgia-based cable equipment maker.”

Google sought a buyer for the unit as it continues to focus on mobile phones amidst a growing rivalry with Apple. (Via MSNBC)

Google initially bought Motorola Mobility this past May, but as a writer for CNN Money points out: all signs have pointed to Google trying to play let’s make a deal for several months.

“Since the Motorola deal closed, Google has been quick to make moves aimed at turning the business around. In August, Google announced it would cut 4,000 Motorola employees, or 20% of the total workforce. At that point, Motorola Mobility had been unprofitable in 14 of the past 16 quarters.”

One Engadget blogger says Motorola Home and Google was never a match made in heaven, but “Google will be hanging onto the mobile device business and related patent library that spurred the $12.5 billion acquisition in the first place.”

A writer for Bloomberg spoke with Arris’ CEO after the announcement, and he says Arris came away from the table with plenty to brag about..

“Adding Motorola Home helps Arris more than triple sales … With Motorola Home, Arris will be able to get products to market faster, expand its customer base and become more relevant in the set-top box business.”

But a blogger for TechCrunch wondered about TiVO’s lawsuit against Motorola Mobility and its owner Google, and initially thought the suit could be a deal breaker. But Arris’ CEO says Google agreed to cap Arris’ liability in the case to ‘a very small number.’

The boards of the two companies expect the deal to be finalized in the second quarter of 2013.

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