Motorola and Google Expect to Close Sale on Wednesday
Motorola today filed paperwork with the U.S. Securities and Exchange Commission indicating that it expects to conclude its sale to Google by Wednesday, May 23. "As the transaction has now received all required regulatory approvals, the companies are moving to close the transaction within two business days," said Motorola. Chinese anti-trust regulators approved the deal over the weekend, though Google had to agree to keep Android open for five years as a condition of winning approval. The deal already has the approval U.S. and European government bodies. Google agreed last August to acquire Motorola for $12.5 billion. Along with Motorola's smartphone and cable box businesses, Google will also acquire some 17,000 patents.
Microsoft to Buy LinkedIn for $26.2 Billion
Microsoft today said it has agreed to acquire LinkedIn for $26.2 billion. LinkedIn is well known as a professional networking and employment resource for companies and job seekers alike.
Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps
Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Google to Buy HTC's Pixel Handset Team for $1.1 Billion
Google today said it has agreed to purchase HTC's Pixel smartphone business, as well as acquire some employees and license intellectual property, for $1.1 billion in cash. HTC's Pixel engineers will be added to Google's existing hardware organization, where they will continue to work on the Pixel smartphone line.
Google & Motorola, the perfect combination!!