arris

Justice Dept. approves Google's $2.3B sale of Motorola Home

The U.S. Department of Justice has given its blessing to Google's sale of the Motorola Home set-top business to Arris Group for $2.35 billion.

Announced Friday, the department's approval was the last regulatory hurdle that the deal faced. The broadband technology provider, which is expected to use the acquisition to enhance the networking equipment it offers to cable providers, expects the deal to close by Wednesday.

Google inherited the unit when it purchased Motorola Mobility for $12.5 billion last year. The unit makes set-top boxes used by cable providers to deliver video, but Google was … Read more

Google promised to safeguard Arris in Moto-TiVo spat

Google apparently sweetened the sale of its Motorola set-top box business to Arris in an unusual way -- by largely indemnifying Arris against potential losses in a Motorola-TiVo patent tussle.

According to TechCrunch, which listened to a conference call Arris CEO Bob Stanzione held with analysts yesterday, Google has offered to cap any liability Arris might face in the event Motorola's set-top box business Home is found to have violated patents owned by DVR maker TiVo.

The trouble started in October when TiVo filed a patent-infringement claim against Motorola, saying that the Google-owned company's set-top boxes were infringing … Read more

Google sells Motorola Home set-top biz to Arris for $2.3B

Google has sold the Motorola Home set-top business -- which it inherited as part of its $12.5 billion acquisition of Motorola Mobility earlier this year -- to the Arris Group, for $2.35 billion in cash and stock.

Under the terms of the deal, Google will receive $2.05 billion in cash and $300 million in newly issued stock, giving it a 15.7 percent ownership stake in Arris upon the deal's closure. Arris will also gain access to a collection of Motorola Mobility patents.

The broadband technology provider is expected to use the acquisition to enhance the … Read more