Videocon Bids For Motorola Handset Biz

India is growing an appetite for continental. March saw Tata buying out Jaguar and now news of Videocon’s bid to acquire Motorola’s (NYSE: MOT) non-profitable handset biz. Videocon Chairman Venugopal Dhoot has been quoted by Mint expressing an interest in acquiring the mobile handset business seeing a fit with their pan-India 22 circle license acquisition for GSM mobile services under the brand Datacom. The valuation of Motorola’s handset division is worth $3.8 billion as per Merrill Lynch, more than double the market value of Videocon Industries, the group

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