Monday, December 10, 2012

Google looking to sell set top box business as Google TV tanks

Looks like Google TV is not doing to well. From Eric Schmidt claiming that the majority of televisions will have Google TV embedded to pretty much tanking. Bloomberg reports:

"Arris Group Inc. (ARRS) and Pace Plc (PIC) have made the most compelling bids for Google Inc. (GOOG)’s Motorola Home Business, which sells set-top boxes and equipment to cable- television providers, a person familiar with the situation said.
Google, which has been trying to sell the unit, received multiple offers on Dec. 7, said the person, who asked not to be identified because the process is private. A deal has a 50-50 chance of being announced by year-end or postponed because of a complicated financing structure that involves Google retaining some equity and the unit’s patents, the person said. Pace said it made a bid and that it’s halting the trading of its stock."


"Google said in August that it would cut 4,000 Motorola workers and close about a third of its 90 facilities as part of a plan to restore the hardware firm’s leadership in the mobile market."

you know I`ve never had the chance to try Google TV, come to think of it I don`t know a single person who ever owned one or a television with Google TV embedded. i guess the market has spoken

more here

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