Arris-ola—Arris Diversifies Customer Base with Moto Deal, Ups Patent Portfolio
One day after Arris announced its plan to acquire Motorola Home for $2.35bln, shares of the vendor rose, closing up nearly 3.6%. Cable should be happy to have Google out of its hair, with familiar face Arris buying the Google set-top unit for $2.05bln in cash and approx $300mln in newly issued Arris shares. And Arris is happy to not only gain the assets, but diversify its customer base. Analysts comment on what the deal means for Arris and the industry as a whole while execs talk the future of the company.