It's not often that a company buys its way into becoming three times bigger overnight, but that's basically what
ARRIS (Nasdaq:
ARRS) has done by becoming the winning bidder in
Google's (Nasdaq:
GOOG)
sale of the Motorola Home business. While it's a bold and
transformative deal for ARRIS, the ultimate value to Google is still to
be determined.
The Deal
It
was no great surprise that Google sold the Motorola Home business. When
Google bought Motorola, it did so for the company's patents and its
smartphone business (likely in that order). Motorola's set-top box and
cable TV equipment business was never of all that much interest to
Google, though it was valuable enough not to just be shut down.
Please read more here:
http://www.investopedia.com/stock-analysis/2012/Google-Transforms-ARRIS-ARRS-GOOG-CSCO-TIVO1220.aspx
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