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Motorola Receives $1 Billion Investment From Silver Lake: Nyt


Ron Burgundy
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A woman takes a picture in front of a Motorola logo before the worldwide presentation of the Moto G mobile phone in Sao PauloMotorola hopes Silver Lake will help accelerate its transition from selling only radios that police officers, fire departments and other emergency workers use, to a broader emergency communications platform, the newspaper reported. The investment, a so-called private investment in public equity, or PIPE, is in the form of debt that can be converted into common stock. Two top Silver Lake executives, Egon Durban and Greg Mondre, will join Motorola's board as part of the deal Motorola plans to announce on Wednesday, the newspaper said.




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