Bloomberg rekindles rumours of Moto STB sale

Google has appointed Barclays Capital to seek buyers for Motorola Mobility’s Home business (purveyor of set-top boxes and other customer premises equipment), according to respected news source Bloomberg.

The report quotes an unnamed source as saying that the Motorola’s Home business could go for as much as US$ 2bn if the deal were to come off, although the process is believed to be in its early stages still, with no buyers found as yet.

Google bought Motorola Mobility earlier this year for US$ 12.5bn, and confirmed just a few weeks ago that it plans to lay off around 4,000 of the company’s staff and close around a third of its worldwide facilities as it seeks to focus more on the sale of high-end smartphones.

Via Bloomberg

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