Arris' $2B Motorola Home Buy Gets DOJ Approval

Law360, New York (April 12, 2013, 3:13 PM EDT) -- Arris Group Inc. has secured antitrust clearance in the U.S. for its proposed $2.35 billion purchase of Google Inc.'s Motorola Home unit, Arris said Friday.

The U.S. Department of Justice has cleared the planned acquisition after conducting a review of the deal, which was announced in December, Arris said in a statement. With the antitrust clearance, Arris has received all the necessary regulatory approvals, or the relevant waiting periods have expired, and the company expects to close the purchase sometime around Wednesday.

Under the deal, Arris...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.