Saturday, October 22, 2011

Google outbid itself by 33 percent in Motorola Mobility acquisition, SEC filing reveals

Google acquisition of Motorola's mobility is already losing that new car smell, but a new batch of financial information has now emerged, offering a deeper understanding of how the has decreased. According to an SEC filing Mobility Motorola announced yesterday, Google has made an initial offer of $ 30 per share on August 1, but soon it was suggested that the offer of $ 37 per share on August 9, Motorcycle and after asked his advisors $ 43.50. That same day, Google once again raised its offer to $ 40 per share, while Motorola has not to accept offers from other companies, fearing that would jeopardize the sale by public auction. This increase of 33 percent eventually added about $ 3 million in the pot, bringing the final price of $ 12.5 million. A spokesman for Mountain View declined to comment on the negotiations, despite its aggressive offer indicates that the search giant desperately wanted the case to occur. The documents also reveal that the patent issues were at the forefront of debates since the beginning, when Google's senior vice president met with Andy Rubin CEO Sanjay Jha of Motorola Mobility to discuss their mutual concerns, the road back in July. According to

Wall Street Journal
these conversations Jha finally convinced that his company would be better led by Google, amid fears he may have swallowed the Motorcycle stormy sea of ​​patent litigation - anxiety that the executive was too obvious, in just four days before the merger was announced. You can dig through the complete presentation of the SEC on the source link below. Google own bid for mobility 33 percent in the acquisition of Motorola's SEC filing revealed originally appeared on Engadget on Wed September 14, 2011 4:45:00 EDT. Please see our terms for use of feeds. source
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