Equity firms eye Motorola’s STB unit
December 23, 2009
Motorola’s sell off its set top box unit has ignited serious interest from major private equity firms. Motorola is reported to be selling the unit that had $10.1 billion in sales in 2008.
Reuters reports that Bain Capital, TPG Capital, Blackstone Group and Silver Lake Partners have put in bids for the unit. There’s also speculation that fellow cable vendor Arris Group could have put in a bid possible in partnership with an investment firm.