According to a report on mergermarket.com, a Financial Times Website, foreign mobile phone makers have expressed interest in Motorola’s handset unit. The report cited two unnamed sources saying that when Motorola announced the possibility of spinning off its handset division in late January, many Asian mobile phone manufactures said they would not be interested in brokering a deal with the struggling handset maker. But according to the report, sources say that many have now been discussing possible partnerships with Motorola.
Reuters reported last month that Chinese mobile phone maker ZTE was in talks with Motorola about expanding cooperation.
In more reports from the struggling handset maker, Stu Reed, former head of the mobile phone unit, who left the company last Friday will receive roughly $2 million in salary and other payments, according to a filing. Along with his regular salary of $445,479 and equity, which will continue to vest through the end of the year, Motorola agreed to pay Reed $1.5 million in a lump sum.