Friday, August 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
IFA 2015: What We Know So Far
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Apple Debuts at the Number Two Spot In Wearables Market, Behind Fibit
Microsoft's Lumia 950 and 950 XL Windows 10 Smartphones Leaked Online
Facebook Says It Has One Billion Users Per Day
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 Says Improving Quality Isn't Anti-competitive
Google Wants To Fight Cancer, Diabetes, And Other Serious Diseases
Google Releases 'OnHub' Wireless Router
Google Under Pressure To Reply to EU Antitrust Charges
Google To Operate Under New "Alphabet" Company, Pichai Becomes New CEO
Google Hangouts Get Simpler And Faster
LG, Google To Promote Mobile Payment System
Project Tango Tablet Coming to More Countries
Silver Lake To Invest $1 billion To Motorola
Court of Appeals Rejects Google's Move To Overturn Microsoft's Patent Royalty Victory
Motorola Unveils New Moto G, Moto X Play and Moto X Style Android Phones
Google Relases New Consent Policy in European Union

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .