Motorola gets $780million from Sextel

Om Malik | Monday, August 22, 2005 | 4:37 PM PT | 1 comment

So finally we have a winner in the Sextel deal - Motorola, which is getting about $780 million for its stake in Nextel, as per SEC filings. That works out to approximately 69.3 million shares in Sprint Nextel, as well as $46.3 million in cash, in exchange for its estimated 54.7 million Nextel shares.

1 comment so far

August 23rd, 2005
10:43 AM PT
Jesse Kopelman said:

My qustion is how much did Motorola spend (i.e. free equipment given) to acquire this equity? It may have been far more than $780M.

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