Google (GOOG) took a significant step toward selling off Motorola for parts on Wednesday when it sold Motorola’s Home division to broadband media technology company ARRIS for $2.35 billion. In a press release, ARRIS said that “Google will receive $2.05 billion in cash and approximately $300 million in newly issued ARRIS shares” that would give Google a 15.7% ownership stake in the company. Motorola Home, which is primarily responsible for manufacturing and selling the company’s television set-top boxes, has been rumored to be on the selling block for a while now. Google has shown little interest in incorporating Motorola into its own business for the long haul and has admitted that it purchased the company mostly to acquire its patents.
Google unloads Motorola’s set-top box business for $2.35 billion
Published Dec 20th, 2012 7:35AM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
