In May, Google closed its previously announced $12.5 billion acquisition of Motorola Mobility. Since then, the company has yet to reveal its plans for Motorola, except that it would be treated as a regular third party hardware maker when it comes to using Google"s own Android mobile OS.
Now, a new rumor on the Light Reading Cable website claims, via unnamed sources, that Google is going to sell off part of Motorola. Specifically, Google could divest itself of Motorola"s cable TV set top box division sometime later this fall.
The article claims that Google has already hired the bank Barclays Capital to handle the sale of that division of Motorola and could start accepting bids from other companies as earlier as September; a final agreement to sell off the assets could happen in late November or December.
One source claims that Google could get as much as $2 billion from selling off the cable TV business of Motorola and that more than one company could receive its assets.
This new report comes hot on the heels of Google"s big fiber announcement in Kansas City, where the company will provide television service as well as 1 Gbps Internet access.
Source: Light Reading Cable