Rumor Alert: Ericsson looking to buy Motorola
By Will Park on Thursday, May 10th, 2007 at 1:23 PM PST In Partnerships, Rumors
There’s some speculation that Ericsson is looking into buying Motorola (NYSE: MOT) to re-structure the ailing company into two segments – network kits (for mobile operators) and consumer handsets. The rumor, started by Carl Icahn, is a bit puzzling. Ericsson already has a consumer handset manufacturing division in Sony Ericsson (NYSE: SNE), which is already leaps and bounds ahead of the stumbling Motorola design team. YahooNews also reports that Ericsson is “not entering into a major acquisition period. We have a lot of the acquisitions behind us,” according to Ericsson Chief Executive Carl-Henric Svanberg.
via: mobilecrunch
Doesn’t seem likely, there is really no “true” benefit for Ericsson…where did this rumor come from?