(RTTNews.com) - Search giant Google Inc. (GOOG) has hired Barclays Plc (BCS, BARC.L) to seek buyers for Motorola Mobility's Home Business unit, Bloomberg reported quoting two people familiar with the situation. The unit sells equipment such as set-top boxes to cable television providers.
The business is expected to fetch around $2 billion. The sale is in the very early stages, the report added. Motorola had tried to sell this unit in 2009 for around $4 billion.
Google said earlier this month that it plans to cut about 4,000 jobs and close certain facilities at Motorola Mobility, in order to return the mobile devices unit to profitability. The company will shift the emphasis from feature phones to more innovative and profitable devices.
Google bought Motorola in May this year for about $12.5 billion adding to it a trove of more than 17,000 patents. The acquisition strengthens its move to hardware market and steps up competition with Apple Inc. (AAPL). The deal is expected to help Google create better Android devices
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