Motorola Schedules Nov. 17 Vote On Acquisition By Google

Publish date:
Updated on

Libertyville, Ill. - Motorola Mobility scheduled Nov. 17 for a vote by stockholders on its proposed acquisition by Google.

The transaction is still subject to regulatory approval in the U.S., the European Union and other jurisdictions. When the merger agreement was announced in August, Google said it expected the transaction to close by the end of 2011 or early 2012.

Under the agreement, Motorola Mobility will become a wholly owned subsidiary of Google and be run as a separate business. The purchase price is around $12.5 billion.

Google sought money-losing Motorola for the handset maker's thousands of mobile-phone patents, which gives Google leverage to dissuade smartphone-OS rivals Apple and Microsoft from lodging more patent-infringement actions against Google's Android-smartphone licensees, analysts said.


Related Articles