Motorola and Google merger moves a step closer
Motorla Mobility’s shareholders have voted in favour of merging with the search giant Google. 99% of the vote were in favour of Google’s $12.5 billion acquisition of the mobile manufacturer.
This brings Google a lot closer with their bid to add Motorola to their huge portfolio of companies under their umbrella. The original bid was made in August to “enable Google to supercharge the Android ecosystem.” according to a statement from the time. Google CEO Larry Page wrote in a blog post that the purchase would strengthen the company’s patent portfolio, “which will enable us to better protect Android from anti-competitive threats from Microsoft, Apple and other companies.”
The merging could still be blocked by the Department of Justice, which recently blocked a merging of AT&T and T-Mobile on the grounds that it would decrease competition in the wireless telecom industry. Getting past the Department of Justice will be the biggest hurdle to conquer and if they can get approval it will be a huge boost to both companies and will make a base for Google to increase its stake in the consumer electronics business where so far they have failed.