Moto snaps up Netopia

The world’s second largest mobile phone manufacturer, Motorola, said Tuesday it had agreed to buy broadband home network equipment provider Netopia in a deal worth about $208m (£109.8m).

Moto has been in shopping mode of late: last week it bought email firm Good for an undisclosed sum. In September the company agreed to buy rugged handset maker, Symbol Technologies, for $3.9bn.

It also bought video technology developer Vertasent LLC in September and in July said it was buying video-on-demand technology firm, Broadbus Technologies.

In a statement, Motorola said the deal with Netopia was subject to regulatory approval and is expected to complete early next year.