Motorola to split into two companies

Motorola 2

NEW YORK: Motorola Inc’s formal split into two companies on Tuesday will mark the final step in the years-long breakup of a consumer electronics industry pioneer.

It began selling car radios in the 1930s and expanded into TVs in the 40s and cellphones in the 80s. The company has become increasingly diverse, and the breakup that began in 2008 is motivated by a desire to present two simple businesses to investors rather than one complicated one.