Motorola Inc. (MOT) wants to sell its set-top box assets, along with other properties that make gear for cable and telecom providers, the Wall Street Journal reported on Thursday.
Motorola is said to be exploring a $4.5 billion sale of its home and networks mobility division, with J.P. Morgan Chase and Goldman Sachs Group serving as advisers.
The Journal noted the possible sale comes after Motorola tried to spin off its mobile-phone unit, to no avail. But if Motorola is able to sell the home and networks mobility business, the cash boost could help turn the handset division’s frown upside down.
Motorola wouldn’t comment on the rumored sale but it did tell the Journal it “remains committed” to its plan to split into two businesses consisting of mobile devices and broadband mobility.
The home and networks mobility division reported $10.1 billion in sales last year. In 2009, the unit has become Motorola’s largest as the handset division has continued to decline.
.@Vonage announces new #contactcenter capabilities. #APIplatform https://t.co/NB1p8Gl7L1
June 22 2018 @ 22:38:05 UTC
Unable to attend this week's @ConnectWise #AN18? Catch all the highlights and photos here! https://t.co/yHSX6hidzJ
June 22 2018 @ 20:50:15 UTC
.@telarus announced its partner awards last night. https://t.co/fXsPvEuKjw
June 22 2018 @ 17:06:18 UTC
Join thousands of channel experts who get free and fresh content delivered to their inboxes each week >>a https://t.co/67RL0BO2Y0
June 22 2018 @ 17:05:09 UTC
Partners, the Microsoft 365 bundle offers an opportunity to better serve and secure customers https://t.co/8bbe8sv7Zk
June 22 2018 @ 15:15:37 UTC
Loading ...