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Google Sells Motorola Unit for $2.35 Billion

Dec 20, 2012
Motorola

Google is selling a unit of Motorola Mobility for $2.35 billion to the ARRIS Group, the companies announced Wednesday.

The deal involves the Motorola unit that makes cable television set top boxes which Google acquired as part of its $12.5 billion deal for Motorola Mobility in May.

Google said that its main motivation in that deal was the acquisition of Motorola's patent portfolio in addition to its smartphone design and manufacturing business.

Under terms of the deal, Google will receive $2.05 billion in cash and get about $300 million of newly issued Arris shares, giving it about a 15.7 percent stake in the company.





Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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