Motorola Likely to Sell Mobile Business
In another indication of just how far Motorola has fallen, the erstwhile mobile phone giant will now likely sell off its mobile phone business, BusinessWeek reported. The move had been rumored in recent weeks.
Potential buyers include such rivals as Samsung and LG, or various private equity groups.
“We are exploring ways in which our mobile devices business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise,” the company’s recently appointed CEO, Greg Brown, said in a statement.