PE Firms Bid for Motorola's Set Top Boxes
NEW YORK (Reuters) - U.S. mobile phone maker Motorola Inc's set-top box unit has generated a lot of private equity interest, with a number of major buyout firms putting in initial bids this week, sources familiar with the matter said. Motorola is exploring a potential sale of its television set-top box and wireless networking equipment business, sources told Reuters last month. Called "home and networks mobility," the unit had $10.1 billion in 2008 sales. The first round expressions of interest, due Wednesday, came from private equity firms including Bain Capital, TPG Capital, Blackstone Group LP, KKR and Silver Lake Partners, the sources said.
18 December 2009•1 min read
