Google has sold its Motorola Home division business to Arris for a combination of $2.35 billion in a mix deal of both cash and stock. This might sounds like a sudden surprise as the deal is not expected, and comes all of sudden. The search giant last year purchased Motorola building its mobile division and become its own smartphone OEM.
The time when agreement completes, Google will receive $2.05 billion in cash and approximately $300 million in newly issued ARRIS shares, representing an approximately 15.7% ownership interest in Arris post-closing. It is believe that together, Arris and Motorola Home will have a joint global presence of over 500 customers in 70 countries, and the deal will lead to add stronger values.