As expected, ARRIS Group signed the final acquisition paperwork regarding its purchase of the Motorola Home business from a subsidiary of Google Inc. (CTDaily, 04/12/13). ARRIS paid Google approximately $2.2 billion in cash and issued to Google 10.6 million shares of its common stock. The cash portion of the consideration was funded through syndicated debt financing and by the sale of 10.6 million ARRIS shares to Comcast. As a result of these securities transactions, Google and Comcast each hold approximately 7.7 percent of ARRIS’ currently outstanding shares.

The Daily


HBO Leaves Amazon

With HBO dropping off Amazon Video Channels this week, WarnerMedia is hoping to incentivize Amazon customers to move to its HBO Max DTC option. It launched a

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