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Motorola's biggest division on block


Published: Thursday, November 12, 2009 at 4:03 a.m.
Last Modified: Thursday, November 12, 2009 at 4:03 a.m.

Motorola is seeking to sell its largest division, which makes equipment for cable and wireless companies, according to a report Wednesday.

The Schaumburg, Ill., company is exploring a sale worth about $4.5 billion, according to The Wall Street Journal's Web site, which cited "people familiar with the matter."

A Motorola spokeswoman said the company would not comment on "rumor or speculation."

Potential buyers of the "Home and Network Mobility" unit include private-equity firms and makers of telecommunications equipment like Samsung Electronics of South Korea and Huawei Technologies of China, the Journal said.

Motorola shares fell 8 cents to close Wednesday at $8.77.


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