Recent Blog Posts
-
When Call-Center Scripts Go Bad
May 25 20128:38 am EDT -
Zynga on the Defense
May 24 20123:02 pm EDT -
Facebook Fallout Includes PR Fail
May 24 20129:25 am EDT -
Space Drama to Be Continued
May 21 20129:42 am EDT -
What Made Groupon Go Pop?
May 18 20129:34 am EDT -
Study Finds Millennials are Underbanked
May 17 201212:35 pm EDT -
Mad Men Not Impressed With Facebook IPO
May 17 201210:13 am EDT -
Pricing Experiment in Progress
May 16 201211:02 am EDT -
Did I Tweet That Out Loud?
May 15 20129:44 am EDT -
Revenge of the Liberal Arts Major
May 14 20122:58 pm EDT
Moto May Split
Motorola, which just generated plenty of buzz with its launch of the Google-powered Droid smartphone, is generating more with plans to split itself into three companies.
The Schaumberg, Illinois-based maker of radioes, cell phones, and set-top boxes, has hired JPMorgan Chase, Centerview Partners, and Goldman Sachs to vet potential buyers for its set-top-box division and its division making radioes for cell-phone towers, the New York Times, citing anonymous sources, reports.
Philip Cusick, an analyst for Macquarie Capital, tells the Times that Motorola could rasie up to $5 billion through the sale, which would be used to pay down debt.
The Wall Street Journal reports the sale of the set-top-box and networking-gear division could fetch $4 billion to $5 billion.
The Journal reports the process is in a very early stage, and Motorola has not yet received any bids. But the auction kicked into gear after private equity players TPG and Silver Lake Partners approached Motorola over the set-top-box unit.
Kent Bernhard Jr. is News Editor of Portfolio.com
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
