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Slide #84. ARRIS Group, Inc. — Motorola Home
ARRIS Group, Inc. (NASDAQ:ARRS)
ARRIS Group, Inc. (NASDAQ: ARRS) today announced that it completed its acquisition of the Motorola Home business from a subsidiary of Google Inc. This combination will enable ARRIS to transform how service and content providers deliver entertainment and communications. ARRIS paid Google approximately $2.2 billion in cash and issued Google 10.6 million shares of its common stock in connection with the transaction.
ARRIS International provides entertainment and communications technology. Co. operates in two segments: Customer Premises Equipment (CPE) and Network & Cloud. It enables service providers, including cable, telecom, and digital broadcast satellite operators, and media programmers to deliver media, voice, and IP data services to their subscribers. Co. also develops set tops, digital video and Internet Protocol Television distribution systems, broadband access infrastructure platforms, and associated data and voice CPE, which it sells to consumers. Co.'s solutions are complemented by a range of services including technical support, repair and refurbishment, and system design and integration.
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Hold (2.33 out of 4)
(ranked lower than approx. 91% of all stocks covered)
Based on Zacks ABR data;
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