Nokia Shares Edge Down on Bid Talks for Motorola Unit
Motorola (MOT) announced plans in February to break its company into two, with its struggling mobile handset and cable set-top box television division as one company and its networking equipment division as another. According to the Journal report, a deal between the two parties could be struck in the next few weeks. That bodes well for Motorola, which has seen interest in its unit cool by Huawei Technologies, according to the report.
Nokia shares fell 0.35% to $8.53 a share in premarket trading.