Google Buys Motorola Mobility

Cliffs notes on Motorola Mobility:

  • MM was spun off by Motorola in January 2011
  • Motorola’s mobile division, once a pioneer of analog handsets, rapidly lost market share to competitors by being too slow to switch to digital
  • Carl Icahn, with a reputation for leading corporate takeovers (TWA/American Airlines) is a major investor in MM
  • MM shareholders will earn a 73% premium over the company’s average price
  • Google will gain more than 17,000 patents
  • Google will now compete more directly with Apple as well as handset makes that use its Android OS
  • Motorola Mobility’s best-known products include the Droid smartphone and Xoom tablet

http://www.bloomberg.com/news/2011-08-15/google-agrees-to-acquisition-of-motorola-mobility-for-about-12-5-billion.html




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