comscore Google's bid price for Motorola rose by 33 pc during negotiations
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Google's bid price for Motorola rose by 33 pc during negotiations

New details have emerged about Google's acquisition of Motorola Mobility in regulatory filings by Motorola with the US authorities. In July, the two companies were initially talking about patent p

Also Read - New Motorola Mobility CEO, Dennis Woodside, announces plans, new hires

New details have emerged about Google’s acquisition of Motorola Mobility in regulatory filings by Motorola with the US authorities. In July, the two companies were initially talking about patent protection that eventually led to talks for an acquisition. Google initially offered $30 for every Motorola share but Motorola’s advisers Qatalyst Partners suggested rejecting the initial bid and seek $43.50 per share. On August 9, Google reverted with a $37.50 revised bid but Motorola’s CEO suggested he could ask the company to agree to $40.50 or higher. The very same day, Google revised its offer to $40, which was eventually accepted. The two companies announced the deal on August 15. Also Read - Rumor has it: Google to sell Moto's handset biz to Huawei

Read Also Read - US Dept of Justice approves Google's acquisition of Motorola Mobility

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  • Published Date: September 14, 2011 5:57 AM IST



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