Motorola to split into two independent companies in 2011

Summary:Motorola said it will split into two separate companies in the first quarter of 2011, roughly a year from now.

Motorola on Thursday said it will split into two separate companies in the first quarter of 2011, roughly a year from now.

The company had initially planned to spin off the mobile devices unit on its own. Now Motorola plans to spin off the mobile devices and home units into one company led by Sanjay Jha, co-CEO of Motorola. Jha will have a portfolio of mobile devices and home entertainment technology such as the company's set-top boxes.

The second company will comprise Motorola's enterprise mobility solutions and networks businesses (statement). That company will be led by Motorola co-CEO Greg Brown.

Brown and Jha will assume their roles as CEO of their respective divisions effective immediately.

Motorola shareholders will get shares of both companies via a tax-free stock dividend. Both companies will use the Motorola brand.

Topics: Mobility, Hardware, Wi-Fi

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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