Though it’d be sort of a questionable move if Motorola Mobility didn’t want to merge with a powerhouse like Google. But recently, stockholders of Motorola Mobility voted and approved the company’s merger with Google.
With 99% of the votes in favor of the merger, it’s safe to say that they’re in total support. Not to mention that those shareholders represent a good 74% of the company’s outstanding shares (as of October 11).
CEO Sanjay Jha also commented this from a released statement:
We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction.We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.
Google says that they intend to run Motorola as a separate company, so no worries about any confusion. It’ll just be really interesting to see the new improvements and whatever else Google and Motorola have in store with their new deal…worth an impressive $12.5 billion.
Everything is said to be signed and dated late this year or in early 2012.

November 18, 2011 11:00 PM | by