he US Department of Justice (DOJ) has asked for additional information regarding Arris Group Inc’s (NASDAQ:ARRS) planned USD2.35bn (EUR1.8bn) buy of Google Inc’s (NASDAQ:GOOG) Motorola Home business, the buyer said.
DOJ’s second request for information will extend the Hart-Scott-Rodino (HSR) waiting period for the acquisition by 30 days, Arris said, adding that it and Google are working with the regulator towards a positive solution.
Arris agreed the cash-and-stock deal for Motorola Home in December 2012, saying it would widen its patent portfolio, helping it to offer next-generation consumer video products and services, while stepping up its capacity to provide new products for broadband to a large range of customers.
The buyer still sees the transaction to wrap up in the second quarter of this year, as planned, it said in its current statement.
Completion remains subject to the HSR clearance, as well as approvals in other countries.