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[2]: No,...
by AdamW on Mon 15th Aug 2011 19:21 UTC 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