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Motorola is in the early stages of looking into a potential sale of roughly $4.5 billion of its television set-top box and network equipment business, according to a Wall Street Journal report.
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Motorola, Inc. |
According to the story, which cites people familiar with the matter, Motorola is in the early stages of seeking buyers for the business whose suitors could include private equity firms and other communications equipment makers.
Motorola [MOT
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] declined to comment on the report, but said it was still focused on its existing long-term plan to separate its handset business from the rest of the company.
"We do not comment on rumor or speculation. Separation into two independent, publicly traded companies (Mobile Devices and Broadband Mobility Solutions, which comprises Enterprise Mobility Solutions and Home and Networks Mobility Solutions) is the publicly stated long-term goal of Motorola," said Motorola spokeswoman Jennifer Erickson.
"We remain committed to the separation goal and continue to believe that it is the right strategy to position Motorola for long-term success."
According to the report JP Morgan Chase [JPM
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] and Goldman Sachs [GS
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] are advising Motorola on the possible sale.
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