On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
49° Feels Like: 49°
Wind: NW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 78°

Tonight

Clear 51°

Tomorrow

Sunny 79°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

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