Videocon interested in Motorola’s Handset Business at 3.8Billion USD!!
Posted by seshdotcom on April 2, 2008
The Consumer durables Lynch pin Videocon has expressed interest to take Over Motorola’s Handset Business and Videocon has made a bid to acquire the handset business which has been in a heavy Slump in the recent past…It has Bamboozled many Industry watchers because giants like LG,NOKIA,SAMSUNG,SONY ERICSSON etcetera didn’t show any interest in this Business….Motorola Inc which is an American Based company announced that it has cleaved into two because of Carl Icahn’s impel is in a dire state after its share prices has gone down by a huge margin.
Its Worldwide market has also dropped from 22% to 12%…Conjuring Funds to make this BIG GUN Acquisition is now a major challenge for ViDeOcOn..Videcon which has already got a telecom subsidiary DATACOM is making a very fast Progress in the Indian Telecom Business evaluation in addition to this if Videocon makes this Project a Successful one no doubt it will speak to its Investors in the market in a obstreperous manner.