Equity firms buy up Freescale
Motorola’s semiconductor spin-off, Freescale, on Friday announced its acquisition by a private equity consortium for a total of $17.6bn (£9.4bn). The consortium is led by The Blackstone Group, and includes The Carlyle Group, Permira Funds and Texas Pacific Group. The board of directors of Freescale has unanimously approved the merger agreement and will recommend that […]