Google on Wednesday announced it is selling the Motorola Mobility Home unit to global communications technology company ARRIS in a cash and stock deal valued at $2.4 billion.
“This transformational combination of two complementary businesses will create a leading end-to-end provider of today’s video, data, and voice products and tomorrow’s next-generation IP-based broadband products,” said Bob Stanzione, chief executive, ARRIS.
ARRIS expected the acquisition of Motorola Home to enhance its ability to provide innovative products and services for delivering video to homes.
Internet and cable service providers Comcast and Time Warner were the two biggest ARRIS customers prior to the acquisition.
The deal also comes with a “generous patent portfolio” and technology licenses between the companies, as per ARRIS executives.
Key ARRIS product areas include in-home boxes for routing Internet data, cable video, online telephone calls and other services.