Google sells Motorola's set-top business in $2.35 bn deal December 20, 2012 - 19:23 AMT PanARMENIAN.Net - Google has sold Motorola Home's set-top business in a deal worth $2.35 billion (£1.4bn), Digital Spy said. Arris Group purchased the assets with cash and stock in a move that sees Google acquire a 15.7% stake in the broadband provider. Arris, which will use the fruits of the investment to improve the networking equipment it offers to cable providers, also received a collection of Motorola Mobility patents as part of the agreement. "The industry faces its biggest technology transformation, and together Arris and Motorola will be able to accelerate related innovations such as the introduction of the IP Connected Home environments that service providers need and that their consumers crave," said Motorola CEO Dennis Woodside. Google has been trying to offload Motorola's set-top business for some time and is said to have appointed Barclays to ensure it received upwards of $2 billion for it.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
