Thursday, February 9, 2012

Google's Motorola buy set to gain approval next week

Google's Motorola buy set to gain approval next week

. Google's bid to acquire Motorola Mobility for $12.5 billion is set to gain regulatory approval as soon as next week, multiple reports claim. Google announced last summer that it intended to purchase the struggling smartphone and set-top box maker for $40 per share, and CEO Larry Page explained that Motorola's patent portfolio was a key draw for the company. Google's Android partners had fallen under attack from patent predators such as Apple and Microsoft, and the ability to spread Motorola's patents around as needed could be the only way to save Android.

Boy Genius Report, Google's Motorola buy set to gain approval next week