Late Wednesday night, Google (NASDAQ:GOOGL) finally explained its plans for what it plans to do with Motorola's set-top cable-box business. Namely... nothing. It's selling the business, and cashing out for a $2 billion payment, and $300 million worth of stock from the buyer, Arris Group (NASDAQ:ARRS).

So is this the end of Google's plans to develop a Google TV for our living rooms? Listen in as Fool contributor Rich Smith lays out the story, and what it means for investors.

Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services recommend Cisco Systems and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.