Google is selling its Motorola Mobility Home division, which includes cable set-top boxes and modems, to Arris Group for $2.35 billion.
Under the terms of the deal, which Google and Arris announced late Wednesday, Google will receive $2.05 billion in cash and $300 million in newly issued Arris shares. That will give Google about a 16% ownership stake in Arris, a communications technology company, when the deal closes sometime during the second quarter of 2013,
I try to use my holiday column to look ahead, but it’s always good to peek back to put those thoughts in perspective.
Highlights of the past year included the London Summer Olympics and Rupert Murdoch’ fall from grace. We saw the passing of Neil Armstrong, Phyllis Diller, Whitney Houston and Cosmopolitan magazine’s Helen Gurley Brown. The 2012 Presidential election cycle overshadowed anything else that was happening for a good part of the year.
There were a slew of unusual weather events, including earthquakes, floods, storms around the world, drought and record heat in the West, and Hurricane Sandy on the East Coast.The economy was still anemic at best and headed for the fiscal cliff. Unemployment is hovering below 8 percent. But at the same time, many businesses are struggling to find qualified people with the skills they need.
Last month I saw a clip of Sarah Silverman on Conan, the Conan O’Brien show, showing off a cool little trick with an iPhone, and it made me laugh ... a lot. [Google it to see the clip; it delves too much into the female anatomy to be discussed here. —Ed.]
The beauty of the iPhone (yeah, I know there are knockoffs—pointing at you, Android lovers) is that it is a device that is greater than the sum of its parts