http://www.bloomberg.com/news/articles/2015-02-06/motorola-solutions-said-to-explore-sale-of-87-year-old-company
The last vestige of the Motorola empire is on the block after struggling with stagnant earnings.
Motorola Solutions Inc., the $15.6 billion maker of two-way radios and other communications equipment, is exploring a possible sale, according to people familiar with the matter. Buyers could include private-equity firms or companies such as Raytheon Co., Honeywell International Inc. and General Dynamics Corp., said one of the people, asking not to be named because the information is confidential.
A sale could mark the final step in the dismantling of Motorola Inc., which was split up four years ago into Motorola Solutions and a handset unit after a campaign by billionaire Carl Icahn. The handset business was sold to Google Inc., which then sold pieces of it to Lenovo Group Ltd.
Motorola Solutions is working with financial advisers as it seeks a buyer, the people said. A transaction isn’t imminent, though a sale process has been under way for several months, one of the people said.
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Motorola Inc. was founded in Chicago in 1928 as Galvin Manufacturing Corp. to make a device that allowed battery-powered radios to run on household electricity. The company started producing car radios and expanded into communications with public-safety radios. That led to the two-way walkie-talkie and carphones. In 1973, the company began research on a portable phone prototype, using a concept for a cellular network developed by the former AT&T Corp. ....MORE
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