Today, Motorola posted its earnings statement from Q1 of 2012. In it was a brief statement on the progress of the acquisition by Google. It states that, though most countries have approved the deal, China is the only country that has not. Motorola still optimistically says that the $12.5 billion deal will go through in the first half of 2012, so China better hurry it up!
Motorola’s official statement:
“As previously announced on August 15, 2011, Motorola Mobility and Google Inc. (“Google”) (NASDAQ: GOOG) entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion.
Motorola Mobility and Google continue to work closely with the authorities in China for approval on the acquisition. The transaction has been investigated and cleared without conditions in all other jurisdictions with pre-closing clearance requirements. We continue to expect the transaction to close during the first half of 2012.”
Once it is approved (and I’m sure it will be), what will it mean for both Google and Motorola? Will the next Nexus be a Motorola? Will Motorola start shipping phones with unlocked bootloaders, or is even the search giant not powerful enough to change Moto’s mind? Or was it really all for the patents? Tell us what you think in the comments!
Source: Android Central