Google Looking to Sell Motorola Cable Box Business
Google has hired Barclays to help it shop around Motorola's cable set top box business, according to sources cited by Reuters. Google came to own the cable box business when it finalized its purchase of Motorola Mobility earlier this year. Bloomberg's sources say talks are in the early stages, but the sale could fetch Google as much as $2 billion. Earlier this month, Google announced plans to slash Motorola's workforce, relocate its headquarters, consolidate business units, and focus on making high-end mobile devices. Google's new direction for Motorola makes the cable box business unnecessary. Google hasn't confirmed Bloomberg's story, but Motorola attempted to sell the cable business several years ago before it split into two separate companies.
Google Updates Daydream to Version 2.0 Euphrates
Google today provided some insight on its Daydream virtual reality platform and says a new version of Daydream will soon make its debut. Daydream 2.0 Euphrates targets standalone VR headsets and is powered by Android O.
Google Maps to Host Ads In the Form of 'Promoted Pins'
Google today said it plans to place advertisements in Google Maps on mobile devices. The change is meant to help Google's business customers promote their own businesses to people who search through Google Maps.
Google Play Store Begins Adding 4K Movies
Google today said the Google Play Movies & TV store is now offering a small selection of 4K (Ultra HD) movies. About 125 titles can be purchased or streamed in 4K.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.