Google Inc. (NASDAQ:GOOG) has been making a concerted effort to make Motorola mobility and profitable entity since buying it last spring. Many workers have been laid off and the company has been looking to take Motorola into a different strategic direction to make profitable what was not.
And apparently, Google is now deciding to jettison another part of the operation as part of the streamlining process. Though that part is seeming to be a decent windfall for Google Inc. (NASDAQ:GOOG).
Motorola Home, a division of Motorola Mobility that produced set-top boxes for cable providers that are leased to end-users, was sold by Google Inc. (NASDAQ:GOOG) Wednesday to Arris Group Inc. (NASDAQ:ARRS) in a deal valued at about $2.35 billion in cash and stock, a deal Google announced after market hours Wednesday. It was reported that Google had been shopping the Home division of Motorola for several months, with Arris and Pac PLC thought to be the leaders for the prize.