Google buys Motorola Mobility for $12.5B

Google said the acquisition will “supercharge the Android ecosystem and enhance competition in mobile computing,” according to a news release. Google said the deal will not affect how Android is developed, and the operating system will remain open, Google said.

Published

14 years ago

August 15, 2011

BusinesSuiteOnline

IDG News Service – Google has entered into an agreement to acquire the mobile phone and tablet maker Motorola Mobility for about $12.5 billion, the company said Monday.

Google has offered about $40 per share in cash, a premium of 63% over the closing price of Motorola Mobility shares on Friday.

Motorola Mobility exclusively ships phones and its Xoom tablet with Google’s Android operating system. The deal will mean that Google now has a hardware manufacturer to work with closely to develop Android, said Carolina Milanesi, research vice president at Gartner.

Google will also have control of Motorola’s impressive patent portfolio, Milanesi said. Motorola Mobility said earlier this year that it owns about 24,500 patents.

But the deal may also create tension with other mobile phone manufacturers such as HTC and Samsung, which also ship Android devices, she said. Since creating Android, Google has rotated manufacturers with which to release new Android code, releasing the code to others about six months later.

http://www.computerworld.com/s/article/9219182/Google_buys_Motorola_Mobility_for_12.5B?source=CTWNLE_nlt_networking_2011-08-15&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+computerworld%2Fnews%2Ffeed+%28Latest+from+Computerworld%29

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

9 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

9 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.