Google sells Motorola Mobility Home for $2.35 bn

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 $2.35 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 ARRIS chief executive Bob Stanzione.