On Air Now

Listen

Listen Live Now » 98.5 FM Battle Creek, Michigan

Weather

Current Conditions(Battle Creek,MI 49017)

More Weather »
70° Feels Like: 70°
Wind: SSW 9 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

AM Clouds/PM Sun 82°

Tonight

Clear 65°

Tomorrow

PM Thunderstorms 84°

Alerts

Qualcomm to sell fleet management software unit for $800 million

A man walks past a Qualcomm advertising logo at the Mobile World Congress at Barcelona, February 27, 2013. REUTERS/Albert Gea
A man walks past a Qualcomm advertising logo at the Mobile World Congress at Barcelona, February 27, 2013. REUTERS/Albert Gea

(Reuters) - Mobile chipmaker Qualcomm Inc said it would sell its unit Omnitracs Inc to private equity firm Vista Equity Partners for about $800 million in cash.

The deal includes Omnitracs' operations in the U.S., Canada and Latin America. Omnitracs' technology helps in fleet management and telematics.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Savio D'Souza)

Comments