Google Sells Motorola Cable Box Unit for $2.4 Billion

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,

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