Thursday, November 12, 2009
Motorola Fathoms Splitting 3-ways
In the past Motorola has acknowledged a desire to split into two separate companies, is currently exploring the possibility of dividing into three. By dividing into three different companies Motorola hopes to be able to raise cash and pay down debt. Motorola is said to have hired JPMorgan Chase, Centerview Partners and Goldman Sachs to seek possible buyers for its cable television and radio companies. The businesses up for sale could be worth upwards of $5 billion.