Thursday, July 10, 2014

Google to sell part of Motorola for $2.35 billion

February 19. 2013 10:51PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Google is selling a part of its Motorola Mobility division for $2.35 billion to the Arris Group.

The sale announced late Wednesday involves the part of Motorola that makes cable-TV boxes and other equipment for home entertainment. If the deal wins regulatory approval, Arris Group Inc. will take over within the next six months.

Google will retain the rest of Motorola Mobility that makes smartphones and tablet computers.

The decision to jettison part of Motorola comes seven months after Google Inc. completed its $12.4 billion purchase of the company in the biggest acquisition in its 14-year history.

Google, which is based in Mountain View, Calif., primarily bought Motorola to shield itself from intellectual property lawsuits. Motorola's assets include more than 17,000 mobile patents.

Arris is based in Suwanee, Ga.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds