Motorola, according to a report from The Wall Street Journal, has halted plans to sell its Home and Networks Mobility unit, which includes its set-top box division and other IPTV-related assets, after receiving lower-than-expected bids for the unit. That news comes a few weeks after Reuters reported that several private equity firms had shown interest in acquiring the unit or pieces of it. The company has been rumored to be exploring the sale (or sales?) as part of its restructuring plan, though Motorola never has confirmed its exact plans or expectations for the future of the unit--only that it remains committed to the STB business and related sectors.
Other rumored telecom asset sales have stalled over the last year as prospective buyers have come forth with conservative bids during a tough economic time, so perhaps Motorola will wait a while and revive the HNM sale idea at a later date. The company has acquired several STB and video-related companies over the last decade, and is a leader in a market that is growing, but continues to see great change in the scope and functions of STBs.
- Light Reading has this post on last week's news
Private equity firms reportedly have been interested in Motorola assets
Motorola recently bought BitBand and reiterated interest in STBs