Motorola is looking to diversify its business by selling off the set top box manufacturing division, according to the Wall Street Journal, and the sale could raise as much as $4.5 billion.
The company has instructed Goldman Sachs Group Inc and JP Morgan Chase & Co to oversee the sale, which is likely to get the attention of many worldwide set top box makers and of course private equity firms too.
The set top box division makes up around a third of the company’s sales, but as a profitable venture the division actually falls down flat.
Last year the division actually posted a loss of more than $4 billion.
This break up will change Motorola and the industry too, because it means that although one company is leaving the marketplace, another will be coming in strong.
This is likely to shake things up dramatically.