Google aiming to close Motorola deal by Wednesday

May 21, 2012

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

Motorola 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.

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

Owning the rights to those patents will provide 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 .

Explore further: GoDaddy revs up tech sector with Wall Street offering

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jonnyboy
1 / 5 (1) May 21, 2012
go go google!

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