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Arris cleared by DOJ to acquire Motorola's set-top box business |
April 15, 2013
Arris Group has received clearance from the U.S. Department of Justice for its proposed acquisition of the Motorola Home business.The broadband device vendor said it now expects to close the transaction on or about Wednesday, as all "required regulatory approvals have been received, or the applicable waiting periods have expired."Google said in December it plans to sell the TV set-top box business of its Motorola Mobility subsidiary, which it acquired last year, to Arris for US$2.35 billion in cash and stock.The Internet giant acquired Motorola Mobility more for its mobile phones business and its patents, and prepared to sell off the set-top box business.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2034624/arris-cleared-by-doj-to-acquire-motorolas-settop-box-business.html#tk.rss_all
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