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Google to Sell Set-Top Box Business to Arris Group

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:59
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-- brand here Fox Business three IntercontinentalExchange.

Is buying NYSE Euronext.

For more than eight billion dollars in cash and stock.

Why can't we just spoke with the NYSE Euronext CEO Duncan Niederauer an ice founder and chairman -- factor earlier today.

And that's mr.

Niederauer if -- deal with -- exit strategy from the company as we said.

It's about shareholder value creation and our parents -- -- if you try something that you thought was a good idea and you -- that doesn't mean you -- I want you to be here and -- I've committed to stay at least through the end of 2014.

And therefore -- -- working together it'll be longer.

He's not pressuring the exit just to be clear -- I'm not looking for one.

And -- has found a buyer for its set top box business Motorola home is being sold to ARRIS Group -- cable equipment maker.

Really 2.4 billion dollars in cash and stock.

Actually -- from the Fox Business Network continue to palatable.

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