Google intends to sell part of the assets of Motorola

This is a division of Motorola Home, engaged in the production of set-top boxes for connecting cable television. It is in the case of approval of the regulators will become the property of Arris Group Inc., reports Reuters.


It is expected that the amount of the transaction will amount to $ 2.35 billion. With this, as a payment, Arris Group will provide both cash and about 15.7% of its shares. Company management plans to complete the transaction in the next six months.
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The search engine is primarily interested in Motorola patents in telecommunications. The portfolio includes more than 17 thousand copyrighted developments. Using them will help Google strengthen its position in the smartphone market and more actively promote the Android operating system.

Despite the fact that Motorola Home's assets are a highly profitable enterprise with annual revenues of $ 3.4 billion and $ 897 million, Google intends to focus on mobile devices and applications.

Google is not the only company that wants to exit this business. Last month, Cisco also intended to sell Scientific Atlanta, which has a duopoly on the digital receiver market, along with Motorola.

Sources: RBC and New York Post