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Motorola exploring possible sale
[BENGALURU] Walkie-talkie and radio systems maker Motorola Solutions Inc is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.
Potential buyers could include private-equity firms and defence contractors including Raytheon Co, Honeywell International Inc and General Dynamics Corp, Bloomberg reported, citing one of the sources.
The 87-year-old company is working with financial advisers as it looks for a buyer, Bloomberg cited the sources as saying.
The sale process has been going on for several months, though a deal isn't on the immediate horizon, one of the sources told Bloomberg.
Motorola Solutions spokesman Kurt Ebenhoch declined to comment on rumors or speculation.