Sunday, September 25, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Snapchat Introduces 'Spectacles' Smart Glasses, Changes Company name To Snap
Nvidia GPUs Could Return To Apple Macs
Lenovo Brings Fingerprint Authenticated Payments To Laptops
Report Cites Google, Salesforce Interest For Twitter
Dalian Wanda and Sony Enters Team Up in China Movie Business
Apple Develops Amazon Echo-Style Device
ALD Technology Chosen By Samsung, LG For Flexible OLEDs
TSMC To Use Different Processes And 3D Packages Across Future Design Platforms
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Motorol...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, November 18, 2011
Motorola Mobility Shareholders Approve Google Buyout


Motorola Mobility Holdings Inc. said its shareholders on Thursday overwhelmingly voted to accept the cellphone maker's proposed sale to Google for $12.5 billion.

Approximately 99 percent of the shares voting at a special meeting of stockholders voted in favor of the adoption of the merger agreement, which represented approximately 74 percent of Motorola Mobility's total outstanding shares of common stock as of the October 11, 2011 record date for the meeting.

Sanjay Jha, chairman and CEO of Motorola Mobility, said, "We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction. We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners."

Last August Motorola Mobility and Google entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion. Motorola previously disclosed that it expected the merger to close by the end of 2011 or early 2012. However, given the schedule of regulatory filings, the company currently believes that the close is expected to occur in early 2012. However, the merge is must still be approved by government regulators.

The U.S. Justice Department is in the midst of an extended review of the deal.


Previous
Next
New Server Motherboards For Intel Xeon Processor E5 Coming Next Year        All News        New PayPal Send Money App for Facebook
Media Companies Launch Deal Aggregator Site     General Computing News      New PayPal Send Money App for Facebook

Get RSS feed Easy Print E-Mail this Message

Related News
Google Launches its Allo Messaging app
Google to Unveil New Smartphones, Hardware In Oct. 4 Event
Google Announces Trip-Planning App
Japan Could Probe Apple And Google Over Unfair Practices
Google to Buy Apigee for $625 Million
Motorola Introduces New Moto Z Play and Hasselblad True Zoom
Google to Expand Waze Carpooling In San Francisco
Google Uses Artificial Intelligence To Compress Images
Google Duo App Joins Field of Video Calling
Russia Fines Google $6.75 Million
Alphabet Posts Strong Revenue on Video Market
Updated Google Maps Highlight Areas of Interest

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .