Motorola Planning to Sell Set-Top Box Business
Nov 11, 2009, 12:24 PM by Eric M. Zeman
According to the Wall Street Journal, Motorola is exploring the possible sale of its set-top box and wireless networking businesses. Motorola operates a number of different business units, including ruggedized handhelds, wireless networking equipment and cable boxes, and its mobile handset unit. The company had previously announced its intent to split into two smaller operations, though it was believed at the time that Motorola would sell of its handset division. The Wall Street Journal's sources indicate that Motorola seeks about $4.5 billion for the cable box and networking business, which is being guided by J.P.Morgan Chase and Goldman Sachs. The set-top box and wireless networking division became the biggest portion of Motorola's business this year.
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