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Motorola Closes BitBand Acquisition

Company closed its acquisition of Israeli company BitBand Technologies, which makes equipment that enables viewing of video over high-speed Internet connections.

SCHAUMBURG, Ill. (AP) -- Motorola Inc. said Friday that it has closed its acquisition of Israeli company BitBand Technologies Ltd., which makes equipment that enables the viewing of video over high-speed Internet connections.

Terms of the deal were not disclosed.

BitBand's operations will be integrated into the Home & Networks Mobility unit, a manufacturer of set-top boxes and other equipment.

Shares of Motorola, based in Schaumburg, Ill., were unchanged at $7.01 in morning trading.

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