WHAT’S HAPPENING: Motorola is getting closer to splitting itself up, with the announcement of a deal to sell its Networks division to Nokia Siemens Networks. Next year, the remainder of Motorola is splitting into two companies.
WHY IT’S HAPPENING: The Networks division was too small to cut it in today’s global market. It would have clouded investor perception of the remainder of Motorola.
WHO’S AFFECTED: Nokia Siemens is taking over 7,500 Motorola employees. With the deal, there is no longer a major supplier of cellular network equipment that’s wholly based in North America.
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