Google May Sell off Motorola’s Home Business

By Thursday, August 30, 2012 0 , Permalink 0

The search engine giant is already on a restructuring mission as it announced earlier that it is going to layoff nearly 4000 Motorola employees and close down nearly 30 per cent of its offices.  It has decided that Motorola will be concentrating on a few high-end handsets rather than multiple medium-range or low-end phones.

Before Motorola was acquired, it tried to sell off this division for $4 billion but, the deal didn’t go through reports Light Reading Cable. As of now Google has hired Barclays to look for potential buyers. The deal would fetch Google nearly $2 billion reports Bloomberg.

Neither Motorola nor Barclays have given out any comments on these reports.