December 7, 2012
Google is close to selling off Motorola?s set-top box business, according to a Wall Street Journal report.
The search engine giant had set today as the deadline for final bids for the business but that could be extended. A source told the WSJ that Arris, Pace and Technicolor were likely bidders, along with various private equity firms. Bids of up to US$2 billion (?1.5 million) are likely, the source said, and Google could help finance the deal.
Google acquired Motorola Mobility for US$12.5 billion in May.
Source: http://www.digitaltveurope.net/30669/google-close-to-selling-motorola%E2%80%99s-set-top-business/
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