Motorola is splitting itself into two publicly traded companies, effective January 4, The Wall Street Journal reports. Motorola Mobility will manage the company’s cell phone and cable set-top box business, while Motorola Solutions will sell police radios and barcode scanners to government and business customers. Motorola’s investors have got one share of Mobility and seven shares of Solutions for every eight shares they had owned. The move, which was expected sometime in 2009, was approved by the company’s board more than two years ago, but got delayed due to internal problems and the economic downturn, adds IT World.
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