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By Michael Liedtke – The cash-and-stock deal announced late Wednesday (Dec 19) will turn over Motorola‘s set-top division to Arris Group Inc., a relatively small provider of high-speed Internet equipment that is looking to become a bigger player in the delivery of video. Investors applauded the move, driving up Arris’ stock by nearly 17 percent.
Google‘s decision to jettison the set-top boxes comes seven months after the Mountain View, Calif., company took control of Motorola Mobility Holdings in a $12.4 billion purchase. more> http://tinyurl.com/cb7rsb3
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