"The deal will relieve Google of about 7,000 employees who will transfer to Arris employment, as well as a series of patent infringement lawsuits with TiVo related to digital video recorders that Arris CEO Bob Stanzione expected to result in a damages claim of "billions of dollars." During negotiations, Google apparently sweetened the sale by promising to cap any liability Arris might face in the event Motorola Home is found to have violated patents owned by DVR maker TiVo.Justice Dept. approves Google's $2.3B sale of Motorola Home | Internet & Media - CNET News
Under the terms of the deal, Google will receive $2.05 billion in cash and $300 million in newly issued stock, giving it a 15.7 percent ownership stake in Arris upon the deal's closure. Arris will also gain access to a collection of Motorola Mobility patents."
Monday, April 15, 2013
Justice Dept. approves Google's $2.3B sale of Motorola Home | Internet & Media - CNET News
Taking the overall Motorola Mobility acquisition cost down to ~$10B