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Motorola buys RiverDelta Networks

Handset maker Motorola announced Monday it has agreed to acquire RiverDelta Networks in a deal valued at $300 million. RiverDelta, based in Tewksbury, Mass., makes broadband routing, switching and cable-modem systems. The deal is a stock swap, in which Motorola will buy all of RiverDelta Networks' capital stock in exchange for shares of Motorola common stock, according to an announcement from Motorola.

Handset maker Motorola announced Monday it has agreed to acquire RiverDelta Networks in a deal valued at $300 million. RiverDelta, based in Tewksbury, Mass., makes broadband routing, switching and cable-modem systems.

The deal is a stock swap, in which Motorola will buy all of RiverDelta Networks' capital stock in exchange for shares of Motorola common stock, according to an announcement from Motorola.