Talks for Motorola Division Heat Up
Nokia Siemens Networks (NOK) is in talks to buy the telecom-equipment arm of Motorola Inc. (MOT), people familiar with the matter said, a deal that would hasten the dismantling of the U.S. technology company.
The two companies are discussing terms, and a deal could be worth $1.1 billion to $1.3 billion, one of the people said. A deal could be reached in the next few weeks, people familiar with the matter said, though talks could still fall apart.
A Motorola spokeswoman declined to comment.
The Motorola unit in question mainly makes older-generation equipment for telecommunications networks, but would give Nokia Siemens access to offer its newer wares to those customers as they upgrade.