Motorola to split in 2009
Written by admin on Wednesday, March 26th, 2008 in gadgets.
Back in February, we reported that Motorola was stating that it was looking at alternatives for its mobile device Business. One of those alternatives Motorola said it would consider would be to completely spin off that business. Well, Motorola announced today it is taking that very step in 2009.
The Motorola Board of Directors will take action to create two stand-alone businesses, both of which will be publicly-traded companies. Current Motorola shareholders will receive a tax-free distribution as part of the split.
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