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Motorola looking to sell set-top unit

November 12, 2009|Times Wire Reports

Motorola Inc., the biggest U.S. mobile-phone maker, is looking for buyers for its division that makes cable television set-top boxes and is seeking about $4.5 billion, the Wall Street Journal reported.

The company retained JPMorgan Chase & Co. and Goldman Sachs Group Inc. as advisors on a possible sale, the newspaper said.

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