Motorola acquires parts of Sendo
Jun 29 2005 - 12:18 PM ET | Motorola
As hinted at
late last week, Motorola has agreed to acquire parts of Sendo. Motorola is purchasing Sendo's intellectual property portfolio plus the UK and Singapore-based research and development team, including design and test equipment required by that team. Financial details of the transaction were not disclosed.
In 2004 Sendo sold more than 5 million handsets and had revenue of $420 million.
Motorola did not purchase Sendo Ltd and thus doesn't control any other of Sendo's assets or debt. This message was placed on Sendo's homepage today:
bq. The affairs, business and assets of Sendo International Ltd, Sendo Holdings Plc, Sendo Telecommunications Limited and Sendo Limited are being managed by the Joint Administrators Simon Appell and Alastair Beveridge. The Joint Administrators act as agents of the companies without personal liability.