Read the full article in businessweek
Last week, Motorola announced Thursday it had filed a Form 10 Registration Statement with the Securities and Exchange Commission, the latest step toward the breakup it plans to carry out in the first quarter of next year. The Form 10 provided information about Motorola SpinCo Holdings, which the company created to carry out the spin-off of Motorola Mobility.
In February, Motorola announced that early next year it would be split into two companies through a tax-free stock dividend of shares to current shareholders. The company said then that it hadn't determined which entity would be spun off and which would remain within Motorola.
Motorola Mobility will make handsets and home entertainment equipment, such as TV set-top boxes. One of its goals will be to provide "multiscreen" experiences in which consumers can view content on phones, TVs and other devices. The new entity will be led by Sanjay Jha, who is currently co-CEO of Motorola and the CEO of its Mobile Devices and Home businesses. Motorola has fallen from its heights of several years ago in the mobile-phone business but expects to turn a profit in that area by the end of this year.