Motorola Buying 4Home
Motorola Mobility, Inc. Thursday announced that it has reached a definitive agreement to acquire connected home services provider 4Home, Inc.
"At Motorola Mobility, we continue to invest in our converged experiences portfolio, and 4Home provides a wealth of services and software applications that offer consumers control and information for their digital lives," Dan Moloney, president of Motorola Mobility, said as part of the announcement. "The addition of the 4Home portfolio helps expand our vision of converged experiences in the home and beyond."
The merger is expected to close by year's end.