Google Reportedly Looking to Unload Moto Set-Top Box Unit
Google’s plan to sell off Motorola Mobility’s cable assets is quickly moving from theoretical to actual.
Bloomberg reports that the search behemoth has hired Barclays to help it shop Motorola’s Home division, which makes and sells set-top boxes and cable modems, among other things. The process is still in the very early stages, but sources familiar with it say Google is hoping Motorola’s home business will command a price of $2 billion.
That’s about half what Motorola was asking for it when it attempted to sell the division in 2009. Light Reading first reported Google’s interest in Barclays as banker on August 6.
Motorola Mobility declined to comment on the report.