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Blog 'motorola' » Motorola to buy Netopia in US$208m deal

By Staff Writers, Reuters

NEW YORK (Reuters) - Mobile phone maker Motorola on Tuesday said it had agreed to buy broadband home network equipment provider Netopia in a deal with a total equity value of about US$208 million.

Motorola said it will pay US$7 a share for all of Netopia's outstanding shares in a deal it expects to be neutral to earnings per share in the first year after closing, excluding certain noncash charges.

Continues @ IT News
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