Google in $2.35 Billion Sale of Motorola Home Business to ARRIS

Cleary Gottlieb is representing Google in the sale of its Motorola Home Business, which makes cable set-top boxes, among other items, to ARRIS Group, a cable equipment manufacturer. The transaction, valued at approximately $2.35 billion, was announced December 19 and is expected to close in the second quarter of 2013. Upon closing of the transaction, Google will receive cash and newly issued ARRIS shares.