Motorola, a mobile phone producer, said it will purchase the United Kingdom’s TTP Communications (TTPCom), a provider of software and chip technologies for mobiles, for approximately $192 million in cash, The Wall Street Journal reports.
The company is to pay roughly 84 cents per TTPCom share, and according to analysts, Motorola is particularly interested in TTPCom’s AJAR mobile operating system, which is currently employed in a variety of phones, the Journal reports. The operating system supports second- and third-generation handsets, according to the Journal.
Cambridge, U.K.-based TTPCom currently employs about 575 people, and it will remain in its present headquarters following the planned acquisition with Rob Shaddock, chief technology officer for Motorola’s mobile-devices group, at the helm, the Journal reports.
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