Arris Finally Seals Deal To Acquire Motorola Home Unit From Google
And just like that, it's a wrap. Motorola
's parts weren't all suitable to Google's future needs, but it was clearly an all-or-nothing ordeal back when the purchase went down. Now, Arris is taking
Motorola Home's cable and internet businesses away from Google, and it's likely a win-win. The company this week announced that it completed its acquisition of the Motorola Home business from a subsidiary of Google, which will reportedly "enable Arris to transform how service and content providers deliver entertainment and communications." Google comes out with $2.2 billion from the sale, and Arris also issue Google 10.6 million shares of its common stock in connection with the transaction.
This acquisition creates a global player in video delivery and broadband technology. We are combining the industry's top experts and technologies to create a powerful solution for the entire multiscreen delivery chain – from network infrastructure, to transport, to user experience," said Bob Stanzione, Chairman and CEO of Arris. "The new ARRIS has the expertise to transform the industry."
Now, perhaps this will allow Google to finally focus on Motorola's mobile bits. After all, we're still waiting for that mythical X Phone
, aren't we?