The Department of Justice okayed Arris Group’s proposed...
The Department of Justice okayed Arris Group’s proposed $2.35 billion buy of Google’s Motorola Home set-top box unit, setting the stage for closing the deal Wednesday, Arris said. Arris agreed to the deal in December. Arris will pay $2.05 billion…
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in cash and $300 million in stock, and it gets the right to license Motorola Mobility patents, the company has said. Arris appears to have satisfied concerns raised by Justice, which in February requested more information. In addition to acquiring the Motorola unit, Arris also has an agreement with its major gateway customer Comcast, which paid $150 million for 8 percent of the set-top/gateway supplier.