May 20, 2013 - 04:00 PM EDT — AAPL: 442.93 (0.00, +0%) | NASDAQ: 3498.965 (+33.722, +0.97%)
“Google Inc. wants to sell the unit within Motorola Mobility that sells set-top boxes and other equipment to cable television providers and has hired Barclays Plc to seek buyers, according to two people familiar with the situation,” Matthew Campbell, Serena Saitto and Brian Womack report for Bloomberg. “Motorola Mobility’s Home Business unit might fetch about $2 billion and the sale is in the very early stages, said one of the people, who asked not to be identified because the information isn’t public.”
“Light Reading Cable reported on Aug. 6 that Google was considering a sale of the Home Business unit,” Campbell, Saitto and Womack report. “Motorola tried to sell the unit in 2009 for more than $4 billion, people close to the situation said at the time.”
Campbell, Saitto and Womack report, “Google announced the deal to buy Motorola Mobility a year ago [for $12.5 billion] after losing out on an auction of Nortel Networks Corp. patents to a group that included Apple, Microsoft Corp. and Research in Motion Ltd. which bought them for $4.5 billion.”
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