Google to Sell Part of Motorola for $2.35B
Google is selling a part of its Motorola Mobility division for $2.35 billion to the Arris Group.
The sale announced late Wednesday involves the part of Motorola that makes cable-TV boxes and other equipment for home entertainment. If the deal wins regulatory approval, Arris Group Inc. will take over within the next six months.
Google will retain the rest of Motorola Mobility that makes smartphones and tablet computers.
The decision to jettison part of Motorola comes seven months after Google Inc. completed its $12.4 billion purchase of the company in the biggest acquisition in its 14-year history.
Google, which is based in Mountain View, Calif., primarily bought Motorola to shield itself from intellectual property lawsuits. Motorola's assets include more than 17,000 mobile patents.
Arris is based in Suwanee, Ga.