Deals
Motorola Solutions, Huawei Agree to End Technology Dispute
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Motorola Solutions Inc. and Huawei Technologies Co. settled a technology-secrets dispute, allowing the sale of Motorola’s networks unit to Nokia Siemens Networks to proceed.
Motorola Solutions and Huawei will drop lawsuits against each other, with the Chinese company receiving an undisclosed fee for use of its technology, the two companies said in a joint statement today. Motorola also agreed to lower the price Nokia Siemens will pay for the phone-network equipment business to $975 million, from $1.2 billion, Motorola said in a separate regulatory filing. Motorola and Nokia Siemens intend to close the deal on April 29, according to the filing.