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
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