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Motorola closes Broadbus deal

Mon, 09/11/2006 - 8:34am
Jeff Baumgartner, CED

Motorola Inc. has sealed its deal to acquire Broadbus Technologies.

The deal, which was marked by plenty of early speculation, was announced in late July. Motorola has not revealed financial terms of the purchase, but the long reported number is roughly $186 million in cash.

Although Broadbus and its DRAM-based architecture will give Motorola's VOD plans a boost, Motorola's larger strategy calls for content to be delivered to a wide range of devices and via an array of wired and wireless networks.

Motorola said the Broadbus management team and employees will remain based in Boxborough, Mass., and will be integrated with the Motorola Connected Home Solutions division.

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