Arris expects to close the acquisition of the Motorola Home business on or about April 17, 2013.
Motorola Mobility’s Fourth Annual Media Engagement Barometer has found consumers developing a love for multiscreen content, but frustration with DVR storage.
Arris has announced that it has entered into an agreement to sell approximately 10.6 million shares of its common stock, valued at $150.0 million, to Comcast Corporation.
Motorola Home is to be sold to Arris in a $2.35 billion (€1.92bn) deal. The share transaction – the purchase of 100% of General Instrument stock held by current owners Google – includes around 2,000 granted and pending patents as well as provisions against potential litigation that includes action by TiVo.
Cisco Systems has hired Barclays to find a buyer for Linksys, which makes routers for home wireless access, said people familiar with the situation, reports Bloomberg.
Pace has confirmed it is bidding for Motorola’s Home business and has submitted a non-binding proposal for the division with owners Google.
The video infrastructure market generated revenues of $8.6 billion (€6.7 billion) for technology vendors in Q2 2012, according to Synergy Research Group.
Google is preparing lay off 20% of Motorola Mobility staff, or 4,000 jobs, and close one-third of its 94 worldwide offices.
Google is looking to sell the set-top box business it will inherit from Motorola Mobility even before it closes on the $12.5 billion (€9.5 billion) acquisition, according to The New York Post.
The European Commission has called a halt to its antitrust investigation of Google’s plans to acquire Motorola Mobility, pending access to certain documents about the merger.