Telecommunications equipment companies Arris Group and Pace Plc submitted the best offers for a Google Inc business that sells television set-top boxes and other equipment to cable companies, Bloomberg reported on Sunday, citing a person familiar with the situation. According to the report, Google received multiple offers on Dec. 7 for the Motorola Home unit, which it acquired as part of its $12.5 billion takeover of Motorola Mobility in May. Bloomberg previously reported that Google hopes to bring in around $2 billion for the unit.The person familiar with the situation told Bloomberg that there was a 50 percent chance that Google could announce a sale of the unit this year. Google could also postpone the sale of the set-top box business, the report said.Google acquired Motorola Mobility in May to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple Inc and Samsung Electronics Co Ltd.Google, Arris and Pace could not be immediately reached for comment.
Apple Inc. (Apple), along with its subsidiaries, is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. Shares of AAPL fell by 2.56% or $-13.9945/share to $533.25. In the past year, the shares have traded as low as $377.68 and as high as $705.07. On average, 21184800 shares of AAPL exchange hands on a given day and today's volume is recorded at 28134542.
ARRIS Group, Inc. (ARRIS) is a global communications technology company. Shares of ARRS traded higher by 0.56% or $0.08/share to $14.29. In the past year, the shares have traded as low as $9.96 and as high as $14.37. On average, 684381 shares of ARRS exchange hands on a given day and today's volume is recorded at 505467.
Google Inc. (Google) is a global technology company focused on improving the ways people connect with information. Shares of GOOG fell by 1.0% or $-6.92/share to $684.21. In the past year, the shares have traded as low as $556.52 and as high as $774.38. On average, 2874350 shares of GOOG exchange hands on a given day and today's volume is recorded at 1919476.
Source
