Comcast invests $150 million in Arris as part of Motorola Home deal

Comcast now has some extra skin in the cable box and modem business, as the provider has just agreed to invest $150 million in Arris. If the name sounds familiar, it should -- this is the company that recently purchased Motorola Home from Google for $2.35 billion. Under the terms of the agreement, Comcast will purchase roughly 7.85 percent of Arris, and in the very same stroke, halve Google's stake in the company, which previously sat at 15.7 percent. After the deal is complete, Google will end up with an additional $150 million in its pocket. As for what we can expect, Bob Stanzione, CEO of Arris, sounded off: "We believe this investment by one of our largest customers is a strong indication of customer support for the Motorola Home acquisition and its potential to accelerate innovation to the benefit of the industry and consumers." So, yeah... both companies will be working together more closely. For some additional insight behind the terms of the deal, you'll find the PR after the break.

Continue reading Comcast invests $150 million in Arris as part of Motorola Home deal

Filed under: Home Entertainment, Internet, HD

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