Arris Group, Inc (NASDAQ:ARRS) and Pace plc (LON:PIC) have made the most compelling offers for Google Inc’s (NASDAQ:GOOG) Motorola Home unit, which vends set-top boxes and equipment to cable- television providers, according to a people with knowledge about the issue.
The person, who refused to be identified as the process is private, stated that the Mountain View, California- based Google, which has been attempting to sell the unit, got multiple offers on Dec 7.
The person further reported that an agreement has a 50-50 chance to be reported by year-end or postponed due to a complicated financing structure in which Google might retain some equity and the unit’s patents.
A spokesperson for Google, world’s biggest search engine giant, Niki Fenwick refused to remark.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Blucora Inc (NASDAQ:BCOR) rose +0.21% to settle at $14.15, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) moved up +0.38% to end at $89.36 while Yandex NV (NASDAQ:YNDX) jumped +4.46% to finish at $22.96 on Friday.
Google Inc (NASDAQ:GOOG) last session’s volume of 1.92 million shares was surprisingly lower than its average volume of 2.15 million shares. The stock after opening at $695.00 hit high price of $696.88 and then closed at $684.21 by scoring -1.00%.
The liquidity measure in recent quarter results of the company was recorded 3.94 as current ratio and on the other side the debt to equity ratio was 0.09 and long-term debt to equity ratio remained at 0.04. The Company had total cash of $44.62 billion at hand and a book value per share as $207.05 in the most recent quarter.
The stock’s price volatility was 1.73% for a week and 1.95% for a month as well as price volatility’s Average True Range for 14 days was 12.70 and its beta remained at 1.08.
GOOG generated revenue of $47.54 billion in the previous twelve months and earned $10.56 billion. The Company showed a positive 22.20% in the net profit margin as well as in its operating margin which remained at 27.00%. Company’s annual sales growth for the past five years was 29.01%.
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