Google to sell part of Motorola for $2.35 billion

Google to sell part of Motorola for $2.35 billion

Credit: AFP/Getty Images

A picture shows the Motorola and Intel branding logos as general manager for Intel Mobile and Communications Group, Erik Reid (R), talks during the press launch of the new Motorola RAZRi smartphone with an Intel processor in London on September 18, 2012. Motorola Mobility presented their new smartphone, developed with an Intel processor powering its Android operating system, which will be launched in October in Europe and Latin America with the hope that it will compete with the Apple iPhone. AFP PHOTO / ANDREW COWIE (Photo credit should read ANDREW COWIE/AFP/GettyImages)

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KMOV.com

Posted on December 20, 2012 at 1:07 PM

SAN FRANCISCO (AP) -- 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.
 

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