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Motorola is purchasing Netopia


Posted: 16 Nov 2006
TAGS: motorola

Motorola Inc. is going to purchase broadband gateway provider Netopia Inc. on the agreement valued at $208 million. After the news was made public Motorola's stock increased about $21.35 per share. Motorola announced that this acquisition advances their vision by strengthening the Connected Home Solutions business position as a leading supplier of technology and services to telecom providers worldwide. Netopia is producing wired and Wi-Fi modems, routers and gateways.

Wired and wireless gateways and routers could play a role in Motorola's sales to both wireless carriers and their wired counterparts.

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