- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Motorola Solutions, Huawei settle litigation
NEW YORK (AP) - Motorola Solutions Inc. on Wednesday said it has settled with Chinese telecommunications equipment maker Huawei Technologies, which objected to the sale of a Motorola unit. That means the sale could close soon, but at a lower price than originally envisioned.
Motorola Solutions, one half of the former Motorola Inc., which broke up in January, said it will be getting $975 million for the sale of its network equipment unit to Nokia Siemens Networks, rather than the $1.2 billion promised when the deal was struck in July.
Motorola Solutions, which makes police radios, bar-code scanners and other products aimed at corporations and governments, didn’t say why the sale price was reduced, but the deal was originally set to close before the end of 2010.
It was stalled by Huawei, which won an injunction in U.S. court saying the deal could mean that its business secrets would end up in Nokia Siemens hands, since Motorola resold Huawei equipment starting in 2000.
In the settlement announced Wednesday, Schaumburg, Ill.-based Motorola Solutions will pay Huawei an undisclosed fee to transfer its contracts to Nokia Siemens. The deal allows Nokia Siemens to use confidential Huawei information to service the networks that Motorola deployed worldwide using Huawei’s technologies, the companies said.
Motorola Solutions spokesman Nick Sweers said the sale of the unit to Nokia Siemens still needs approval from Chinese antitrust authorities. If they give approval, the deal is set to close on April 29.
Nokia Siemens Networks is the network equipment-making joint venture of Nokia Corp. of Finland and Siemens AG of Germany.
Motorola Solutions shares rose 30 cents to $44.15 in midday trading Wednesday.
TWT Video Picks
Taxpayers must pay the freight for over-budget train projects
- Kim Jong-un calls for execution of 33 Christians
- Rand Paul wins 2014 CPAC straw poll, Ted Cruz finishes a distant second
- Vietnam says it may have found door of missing Malaysian jet as intel look into stolen passports
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- CARSON: Why did the founders give us the Second Amendment?
- Bill Clinton cashes in on struggling nonprofit hospital
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Russias Putin nominated for Nobel Peace Prize
- CPAC 2014 straw poll results
- FIELDS: Oscars' fantasy on the Left Coast
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again