It 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 said Motorola’s set-top division would help the company revolutionize the living room. Following the lackluster performance of Google TV, however, the company is now looking to sell the unit and continue its focus on high-end smartphones.
- Investment & Company Information