Arris closes deal to purchase Motorola Home from Google

SUWANEE, GA. – Video and broadband technology company Arris Group, today announced it has completed its acquisition of the Motorola Home business from a subsidiary of Google for approximately $2.2 billion in cash and 10.6 million in shares of its common stock issued to Google. “This acquisition creates a global player in video delivery and broadband technology. We are combining the industry’s top experts and technologies to create a powerful solution for the entire multiscreen delivery chain – from network infrastructure, to transport, to user experience,” said Bob Stanzione, Arris chairman and CEO, in a release. “The new Arris has...