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Google: Motorola Home Had $820 Million in Q4 Sales

Internet giant reports Motorola home as 'discontinued operation' with pending Arris deal 1/22/2013 05:16:09 PM Eastern

Motorola Mobility's Home division, which is in the midst of being acquired by Arris Group, generated about $820 million in sales for the fourth quarter of 2012, according to Google's earnings announcement Tuesday.

Arris last month announced plans to acquire Motorola Home from Google for $2.35 billion, a deal that would more than triple Arris's size. The deal, which encompasses Motorola's set-top, broadband and video infrastructure businesses, is expected to close by the second quarter of 2013, pending regulatory approvals.

In the fourth quarter of 2012, Motorola Home generated $35 million in operating profit, excluding stock-based compensation expense and restructuring and related charges, according to Google. Net loss from Motorola Home, which Google now accounts for as discontinued operations, was $21 million in the fourth quarter of 2012.

Click here to read the full story at Multichannel.com.

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