Google to buy Motorola Mobility for $12.5bn

dipsydoodle

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Mon Aug-15-11 07:09 AM
Original message

Google to buy Motorola Mobility for $12.5bn

Source: BBC News

Internet giant Google has announced a deal to buy Motorola Mobility for $12.5bn (£7.7bn).

A joint statement said the boards of both companies had unanimously approved the deal.

Earlier this year, Motorola split into two separate companies.

Mobility develops and manufactures mobile phones, while Motorola Solutions covers wider technologies, such as barcode scanners and police radios, for corporate customers.

Read more: http://www.bbc.co.uk/news/business-14530543

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rfranklin

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Mon Aug-15-11 07:29 AM
Response to Original message

1. They are paying a 63% premium...that's insane...

It seems they could have bought enough shares at market to control the board and then approved a sale at a much lower price. That's what happens when you have to much cash.

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mahatmakanejeeves

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Mon Aug-15-11 07:36 AM
Response to Reply #1

2. That's brilliant!

Edited on Mon Aug-15-11 07:44 AM by mahatmakanejeeves

I own some MMI. OK, everyone makes mistakes. I probably will now have 0.00001 shares of Google. (In reality, I'll probably get some cash, but no shares of GOOG.)

MMI quotes

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banned from Kos

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Mon Aug-15-11 08:28 AM
Response to Reply #1

3. that would not work. As soon as they bought 5% they have to disclose

such publicly. No board control and everyone knows what they are up to - 50% rise for sure.

This is a fascinating deal to say the least. They are gunning for Apple all out.

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AlbertCat

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Mon Aug-15-11 09:11 AM
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4. Because America is broke!

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onehandle

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Mon Aug-15-11 10:42 AM
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5. The world's biggest ad spammer 'innovating' the only way they know how. nt

Edited on Mon Aug-15-11 10:50 AM by onehandle

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SoapBox

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Mon Aug-15-11 11:21 AM
Response to Original message

6. 12.5 BILLION?

...that's insane!

How about getting 12.5 BILLION, to Americans that are struggling and need help, from the Big Bank and Wall Street Vultures?

Ya, fat chance.

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dbonds

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Mon Aug-15-11 12:03 PM
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7. This gives Google a big patent portfolio...

Since Google's in ovations in the Android market have been beset with patent trolling suits from Apple and Microsoft, this evens the playing field. This also will put Google in control over the complete process of Android phones from concept to production. Good news all around. Now Google can compete apples to apples with Apple.

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KoKo

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Mon Aug-15-11 12:44 PM
Response to Reply #7

8. According to this Article in "Business Insider".....it ain't all about patents...

Edited on Mon Aug-15-11 12:44 PM by KoKo

It's a good read!

Check Out All The Massive, Low-Margin Hardware Factories Around The World That Google Will Now Own

Read more: http://www.businessinsider.com/google-factories-2011-8#ixzz1V7XMk2Pz

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dbonds

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Mon Aug-15-11 02:59 PM
Response to Reply #8

9. According to Google that is what it is about, well a good part of it...

Edited on Mon Aug-15-11 03:04 PM by dbonds

Here is Google's announcement blog.
http://googleblog.blogspot.com/2011/08/supercharging-android-google-to-acquire.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2FMKuf+%28Official+Google+Blog%29&utm_content=Google+Reader

...

This acquisition will not change our commitment to run Android as an open platform. Motorola will remain a licensee of Android and Android will remain open. We will run Motorola as a separate business. Many hardware partners have contributed to Android’s success and we look forward to continuing to work with all of them to deliver outstanding user experiences.

We recently explained how companies including Microsoft and Apple are banding together in anti-competitive patent attacks on Android. The U.S. Department of Justice had to intervene in the results of one recent patent auction to “protect competition and innovation in the open source software community” and it is currently looking into the results of the Nortel auction. Our acquisition of Motorola will increase competition by strengthening Google’s patent portfolio, which will enable us to better protect Android from anti-competitive threats from Microsoft, Apple and other companies.

...

Manufacturing of course is what Motorola does, so yes they got the business along with the patents.

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