Linked by Thom Holwerda on Mon 15th Aug 2011 12:04 UTC
Google Okay once again I'm breaking my own one-week time-off from OSNews due to, you know, taking a break and being too busy with other things, but this one is big - very big. Also, only the second time in OSNews history we've used the 'breaking'-tag. Google has just announced it is going to buy Motorola Mobility for $12.5 billion (more here). While providing Google with a dedicated mobile phone business, it also gives Google ownership of one of the most valuable mobile technology patent portfolios in existence. Update: Responses from the Android ecosystem are positive. HTC: "We welcome the news of today's acquisition, which demonstrates that Google is deeply committed to defending Android, its partners, and the entire ecosystem." Sony Ericsson & LG: "We welcome Google's commitment to defending Android and its partners."
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RE: No,...
by gilboa on Mon 15th Aug 2011 15:59 UTC in reply to "No,..."
gilboa
Member since:
2005-07-06

Last I looked (this morning), Google ANNOUNCED, THEIR PLAN, to buy Motorola ... HUGE DIFFERENCE.

SEE? I CAN TYPE IN ALL CAPS TOO!


You are wrong:
(http://investor.google.com/releases/2011/0815.html, emphasis mine)
"Google Inc. (NASDAQ: GOOG) and Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was unanimously approved by the boards of directors of both companies.

Pending some governmental approval issue, this is a done deal, jack.

- Gilboa

Reply Parent Score: 4

RE[2]: No,...
by AdamW on Mon 15th Aug 2011 19:21 in reply to "RE: No,..."
AdamW Member since:
2005-07-06

well, it also requires shareholder approval.

of course, since moto shares have been in the toilet for approximately ever and this deal is 40% above current value, shareholder approval is not likely to be hard to come by. =)

Reply Parent Score: 4

RE[3]: No,...
by justanothersysadmin on Tue 16th Aug 2011 06:20 in reply to "RE[2]: No,..."
justanothersysadmin Member since:
2011-06-09

Minor nitpick on the 40% premium thing:
Offered price was $40/share, which is a ~63% premium over Friday's closing value, and about 76% over their 50-day moving average.

Reply Parent Score: 1