Investing.com -- Motorola Solutions Inc (NYSE: MSI ). is nearing a $4.5 billion deal to purchase wireless-radio manufacturer Silvus Technologies, according to Bloomberg, citing sources familiar with the situation.
The deal could be announced in the coming weeks, although a final agreement has not yet been reached, and discussions could conclude without a deal, the sources added. Neither Motorola nor TJC, the private equity firm that owns Silvus, chose to comment on the matter.
Silvus has been considering various options, including a potential sale or initial public offering (IPO), as reported by Bloomberg News in January. If the acquisition goes through, it would be the second-largest purchase in Motorola’s history, surpassed only by its $9.5 billion acquisition of Arris Technology Inc. in 1999.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.