Arris expects to close the acquisition of the Motorola Home business on or about April 17, 2013.
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.
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.