Google Hires Barclays To Sell Motorola Mobility’s Cable-Box Business

Posted on Aug 30 2012 - 4:54am by Editorial Staff

Although with its great restructuring efforts first by announcing its plan to fire 4,000 Motorola Mobility staff, and with recent closure of Motorola Mobility Israel facility, Google has hired banking and financial firm Barclays to sell off Motorola Mobility’s set-top box business unit, reports Bloomberg. The search giant expecting to whoop up $2 billion with the sale of division, which not only includes set-top boxes, but also all hardware the company sells to cable providers.

On other side, Motorola is holding two of its event, or said-to be first after being purchased by Google, in its first event Motorola holding first phone event with Verizon, in which it is expected to unveil a new smartphone while the company also going to hold another event at later half of month with Intel, in which it is expected that companies will unveil Medfield phone.

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