Google got rid of the Motorola business for $ 2.35 billion

Dec

20

2012

Google got rid of the Motorola business for $ 2.35 billion

motorola

Google announced that it had sold the core business Motorola Home. The deal amounted to 2.35 billion dollars in cash and stock. The new owner of the business is the company Motorola Arris Group.

Google this transaction will receive 2.05 billion in cash and 15.7 percent of the company Arris Group, which is estimated at about $ 300 million.

“The purchase of Motorola ARRIS business will allow the company to offer customers in the future, completely new video products and services, as well as help the company move to new levels of support and to offer world-class products for a wide range of our customers. This transaction will significantly increase the company’s portfolio ARRIS and provide access to a wide range of patents Motorola Mobility »,

– Says on page Official site ARRIS.

What is interesting, Motorola Home, which bought ARRIS, bring much more profit than mobile division. But apparently the last in Google has ambitious plans ahead. Early rumors of the sale of the business brain Motorola said that Google could barely load a company, and even going to finance it, so that she looked more attractive to potential buyers.

As for the sale, the transaction intend to complete by the second quarter of 2013, when they signed all the necessary papers.

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Tags: Arris | Google | Motorola

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