It was rumored earlier this year that Google looked to sell Motorola’s set-top box and television equipment business. Google is continuing its plans to sell, as Bloomberg reported this afternoon. The Mountain View-based company has hired firm Barclays to look for buyers. Google is said to be looking for up to $2 billion in the deal, but the sale is in its very early stages so the exact terms are not clear.
Since Google and Motorola’s $12.5 billion deal went official this summer, Motorola has gone through several changes company-wide. The most notable change was when up to 4,000 employees were laid off…on top of 30 of Motorola’s 90 facilities worldwide being shut down. Furthermore, there have been several executive changes as the company looks to get back into creating some serious mobile devices. Selling off their television business may help them reach that goal with extra cash in hand. [Bloomberg]
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