Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday December 20, 2012

Google Selling Motorola Set-Top Box Unit For $2.35B

Google will be getting a big fat chunk o' change (technical term for $2.35B) from the sale of its Motorola set-top box business.

The Arris Group said it agreed to acquire Google’s Motorola Home business آ– which consists mostly of the set-top box line آ– for $2.35 billion in cash and stock. Google had acquired the business as part of its $12.5 billion acquisition of Motorola Mobility in May 2012. Under terms of the deal, Google will get $2.05 billion in cash and about $300 million of newly issued Arris shares, giving Google about a 15.7% stake in the company.