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Motorola Is Unable to Find Buyers After Months-Long Effort

The Motorola Solutions Inc. logo during a Nextel de Mexico press conference in Mexico City, Mexico, on March 3, 2015.

The Motorola Solutions Inc. logo during a Nextel de Mexico press conference in Mexico City, Mexico, on March 3, 2015.

Photographer: Susan Gonzalez/Bloomberg
Updated on

Motorola Solutions Inc. has failed to find a buyer after seeking to drum up interest from private-equity funds and large industrial companies, people with knowledge of the matter said.

The maker of two-way radios and other communications equipment has proved too large a target for any single buyout fund, one of the people said, asking not to be identified discussing private information. Motorola fell 6.2 percent to $62.51 in New York trading Thursday, giving it a market value of about $13.2 billion.