Comcast takes $150M stake in Arris

Posted: January 15, 2013

Comcast Corp. agreed to take a $150-million stake in Arris Group Inc., the telecom equipment supplier that last month agreed to buy Horsham-based set-top box maker Motorola Home from Google Inc.

As a result, according to Arris, Comcast and Google will each own about 7.85 percent of Arris shares.

Arris in December said it would buy Motorola Home in a deal valued at $2.35 billion in cash and stock.    - Reid Kanaley

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