Communications technology company Arris Group has arranged a deal with Google to buy the Motorola Home business from Motorola Mobility for $2.05 billion (£1.27 billion) in cash and around $300 million of Arris shares.
The mobile-focussed part of Motorola Mobility will remain with Google.
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Expecting the expected
Mark Bridge writes:
Last week I referred to the previous week as having been ‘big news but no big surprises’ - and in many ways the past seven days have seen much of the same.
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Google-owned Motorola Mobility has announced its sponsorship of pop star Justin Bieber’s ‘Believe’ worldwide tour.
It’s also set up a mobile-optimised web site - RowMLive.com - and an associated competition to support the North American leg of his tour.
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Google published its quarterly results yesterday, revealing a drop in quarterly profits. There was also embarrassment when a draft version of the results was published early.
Third quarter revenue was up year-on-year to $14.1 billion although net income fell by around 20% to $2.18 billion from the previous year’s figure. UK revenue was $1.2 billion.
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Podcast - 9th October 2012
Ofcom, the UK government and the major networks have all agreed a timetable for 4G to be launched across the UK.
We're talking about those plans in this week's podcast - and taking a look at all the other top mobile industry stories as well, from US mergers and leaky tablets to free WiFi and forthcoming quarterly results.
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