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Arris to close Motorola acquisition

April 16, 2013 07.43 Europe/London By Robert Briel

Motorola-Design-Center-MonterreyArris expects to close the acquisition of the Motorola Home business on or about April 17, 2013.

Arris has said that the US Department of Justice has cleared Arris’ proposed acquisition from a subsidiary of Google. As a result, all required regulatory approvals have been received, or the applicable waiting periods have expired.

Last December Motorola Home was be sold to Arris in a $2.35 billion (€1.92 billion) 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.

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Filed Under: Finance, Newsline Tagged With: Arris, Motorola, US Edited: 17 April 2013 08:28

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About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

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