Google is selling off Motorola’s TV unit, deal likely to be announced by the end of the year

New Gadgets | Tuesday December 11 2012 3:30 am | Comments (0) Tags: , , , , , , , , , , , , , , , , , , ,

Google is selling off Motorola’s TV unit, deal likely to be announced by the end of the yearIt was reported in March that Google (GOOG) was looking to sell the set-top box business it stood to inherit from Motorola Mobility as part of its $12.5 billion acquisition. The company was reportedly looking to sell the division for between $2.5 billion and $4 billion, however no deal was ever announced. Now, new reports claim Google has received appealing offers from Arris Group and Pace Plc for Motorola’s Home Business, according to Bloomberg, whose sources note that a deal has a 50% chance of being announced by the end of the year. A potential sale could be postponed due to a “complicated financing structure” which would see Google retain equity in the company and the unit’s patents, though. Google CEO Larry Page previously

Read more from the original source:
Share/Save/Bookmark

No Comments »

No comments yet.

RSS feed. TrackBack URI

Leave a comment

You must be logged in to post a comment.