Engadget post time: April 18, 2013 at 01:11AM
About a year and a half after Google announced its acquisition of Motorola, it’s closed a deal to sell the Motorola Home half to Arris. Motorola Home covers the company’s cable TV and internet device, which combined with Arris’ existing businesses creates what it’s calling “the Premier Video Delivery and Broadband Technology Company.” Meanwhile, Google keeps the Motorola Mobility half that covers its cellphones, tablets and of course, the related patents. The move cost Arris $2.2 billion in cash along with 10.6 million shares of its stock issued to Google. That’s on top of 10.6 million shares for Comcast in return for its $150 million investment, making them equal part (7.7 percent) owners with the folks from Mountain View. What does all of this mean? Your next cable-provided box will probably say Arris on it, and any faint dream of Motorola-built Android TV set-top boxes becoming widely available is officially over.
Reference source: Engadget