Google sells Motorola Mobility Home to ARRIS in $2.8b deal
SAN FRANCISCO (AFP) - Google on Wednesday announced it is selling the Motorola Mobility Home unit to global communications technology company ARRIS in a cash and stock deal valued at US$2.35 billion (S$2.8 billion).
"This transformational combination of two complementary businesses will create a leading end-to-end provider of today's video, data, and voice products and tomorrow's next-generation IP-based broadband products," said ARRIS chief executive Bob Stanzione.
ARRIS expected the acquisition of Motorola Home to enhance its ability to provide innovative products and services for delivering video to homes.
Internet and cable service providers Comcast and Time Warner were the two biggest ARRIS customers prior to the acquisition, which said the takeover will give the company a diverse, international customer base.