Google will be getting a big fat chunk o' change (technical term for $2.35B) from the sale of its Motorola set-top box business.
The Arris Group said it agreed to acquire Google’s Motorola Home business – which consists mostly of the set-top box line – for $2.35 billion in cash and stock. Google had acquired the business as part of its $12.5 billion acquisition of Motorola Mobility in May 2012. Under terms of the deal, Google will get $2.05 billion in cash and about $300 million of newly issued Arris shares, giving Google about a 15.7% stake in the company.
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