Google is looking to sell the set-top box division of its subsidiary, Motorola Mobility, and has allegedly enlisted the help of Barclays Plc.
According to Bloomberg, which cited ”two people familiar with the situation,” Barclays will find buyers for the unit that could fetch up to $2 billion. The publication’s sources further noted sale talks are still in early stages.
Google, based in Mountain View, California, is shifting Motorola’s focus toward high-end smartphones as it competes with Apple Inc. (AAPL) This month Google announced it would cut 4,000 Motorola staff and close about a third of its 90 facilities as part of a plan to restore the hardware firm’s leadership in the mobile market. Google completed the $12.5 billion purchase of Motorola Mobility in May in its biggest takeover.
Light Reading Cable reported on Aug. 6 that Google was considering a sale of the Home Business unit. Motorola tried to sell the unit in 2009 for more than $4 billion, people close to the situation said at the time.