Google to sell Motorola STB business - report

News Video Global 8 MAR 2012
Google to sell Motorola STB business - report
Google is looking to sell the set-top box business it will inherit from Motorola Mobility even before it closes on the USD 12.5 billion acquisition, The New York Post reported. The paper's sources said other STB makers are also looking to exit the market, with Cisco ready to sell its Scientific-Atlanta business and Pace and Technicolor also considering selling out. Private equity firms are considered possible bidders. Google has hired Qatalyst Partners and Barclays Capital to help sell the Motorola STB business, the paper said. Google is thought to be selling the business because cable operators have shunned buying boxes from Motorola ahead of Google's takeover of the company. Google declined to comment.

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