The U.S. Department of Justice has given its blessing to Google's sale of the Motorola Home set-top business to Arris Group for $2.35 billion.
Announced Friday, the department's approval was the last regulatory hurdle that the deal faced. The broadband technology provider, which is expected to use the acquisition to enhance the networking equipment it offers to cable providers, expects the deal to close by Wednesday.
Google inherited the unit when it purchased Motorola Mobility for $12.5 billion last year. The unit makes set-top boxes used by cable providers to deliver video, but Google was … Read more