ARRIS Group, a Suwanee-based broadband media technology company, said Wednesday it has completed its acquisition of Motorola Mobility’s home business from Google.
The deal to acquire Motorola Home, which was announced in December, is expected to enhance ARRIS’ ability to provide next-generation consumer video technology. Motorola Home’s set-top boxes are used by cable TV providers to deliver video.
The U.S. Justice Department gave its blessings to the deal last week.
ARRIS said it paid Google $2.2 billion in cash and issued the search engine company 10.6 million shares of its common stock to acquire Motorola Home. ARRIS also sold 10.6 million shares to Comcast Corp., the cable TV provider, to help pay for the deal.
ARRIS said Google and Comcast now each hold about 7.7 percent of its outstanding shares.
“This acquisition creates a global player in video delivery and broadband technology,” ARRIS Chairman Bob Stanzione said in a statement. “We are combining the industry’s top experts and technologies to create a powerful solution for the entire multiscreen delivery chain – from network infrastructure, to transport, to user experience.”
Google inherited Motorola Home as part of its $12.5 billion acquisition of Motorola Mobility last year.
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