Goodbye Google, Hello ARRIS
It’s all over but the signing ceremony. Earlier today, ARRIS Group said it got the green light from the U.S. Department of Justice to buy the Motorola Home business from a Google subsidiary, a deal first proposed last December. ARRIS says it expects to close the transaction on or about April 17. ARRIS beat U.K. rival Pace plc for the right to purchase Motorola Home from Google-owned Motorola Mobility, offering to pay $2.35 billion in cash and stock. ARRIS believes this acquisition, already vetted by both boards, will boost its sales of next-gen consumer video products and services while also increasing its patent portfolio. What all this could mean is more streamlined, holistic gear contracts with operators looking to add new revenue streams while working with a current network supplier. It also gives ARRIS a competitive leg-up on Cisco.