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Arris Group announced today that Comcast will purchase $150 million in Arris Group stock, shares that previously were to be sold to Google as part of its $2.35 billion sale of Motorola Home to Arris announced late last month. The result would have Comcast owning 7.85% of Arris, roughly the same percentage Google will own post-close.
Comcast is one of Arris' largest customers (the largest, I believe), as it is one of Horsham-based Motorola Home's largest.
While certainly not a huge investment by Comcast standards, the deal may reflect some interest by Comcast to be more actively involved in owning and developing proprietary cable technology.
Comcast's investment is contingent on the Arris-Motorola deal closing.