
ARRIS will sell approximately 10.6 million shares of its common stock, valued at $150.0 million, to Comcast in order to raise money for its previously announced acquisition of the Motorola Home business, which is currently owned by Google.
Under the deal, the ARRIS shares issued to Comcast will reduce, on a share-for-share basis, the number of shares of ARRIS stock to be issued to Google and simultaneously increase the cash consideration to be...