Google sells Motorola’s home set-top box business to ARRIS for $2.35 billion

Google originally explained that it purchased Motorola almost exclusively for its wide portfolio of intellectual properties, and today that statement has been validated. Google has officially sold Motorola’s successful set-top box business for a staggering $2.35 billion. ARRIS is the recipient of the new business, ponying up $2 billion in cash and around $300 million in stock. The end result will have ARRIS garnering a quality swath of set-top patents, along with Google taking a 15.7 percent ownership of ARRIS

Of course, this news isn’t completely shocking as we had heard rumors of Google putting Motorola’s cable box business up for auction earlier this year. Sure, Google TV on your cable box would have been pretty darn cool, but it appears Google has chosen to go in a different direction. Be sure to hit the source link below for the full run-down.

Source: Motorola