suntimes
LABORIOUS 
Weather Updates

Google aiming to close Motorola Mobility deal by Wednesday

Updated: July 2, 2012 8:40AM



Google is planning to complete its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings before Wednesday.

Libertyville-based Motorola Mobility outlined the timetable in documents it filed Monday following Saturday’s approval of the deal by regulators in China. That approval removed the final hurdle preventing Google from closing the biggest deal in its 14-year history.

The two companies announced the deal nine months ago.

Google Inc. prizes Motorola Mobility Holdings Inc. for its portfolio of more than 17,000 patents.

Owning the rights to those patents will provide Google and the mobile device makers who rely on its Android software with valuable weapons in an intellectual arms race with Apple Inc., Microsoft Corp. and other technology giants.

But investors are worried Motorola’s business making phones will trim Google’s profit margins.



© 2014 Sun-Times Media, LLC. All rights reserved. This material may not be copied or distributed without permission. For more information about reprints and permissions, visit www.suntimesreprints.com. To order a reprint of this article, click here.