Motorola receives $1 billion investment from Silver Lake: NYT

August 5, 2015 6:21 AM

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Motorola receives $1 billion investment from Silver Lake: NYT

Walkie-talkie and radio systems maker Motorola Solutions Inc (MSI.N) has received $1 billion in investment from private equity firm Silver Lake, the New York Times reported.

Motorola 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.

Also read: India's Adani to raise investment by $439 mln in Odisha state

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