Arris-Comcast

Premium Content

Arris will sell approx 10.6mln shares of its stock (valued at $150mln) to Comcast, its largest customer. This is all in connection with its purchase of the Motorola Home business from Motorola Mobility, a Google subsidiary. Comcast and Google will each own approx. 7.85% of the outstanding Arris shares post-closing based on Arris' current capitalization. As provided in the business acquisition agreement, the shares issued to Comcast will reduce, on a share-for-share basis, the number of shares of Arris stock to be issued to Google and simultaneously increase the cash consideration to be received by Google by $150mln.

Featured Stories

Featured Stories

Curated By Logo