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Motorola Mobility shareholders endorse merger with Google
TT Correspondent |  |  19 Nov 2011

Shareholders of Motorola Mobility Holdings Inc have approved the USD 12.5 billion acquisition of the company by the internet giant Google Inc.

Motorola Mobility Chairman and CEO Sanjay Jha said in a statement that the transaction was supported by more than 99 per cent of the total number of voted shares during the voting on the proposed merger with Google.

"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," he said. Endorse

In August, Google said it will buy Motorola Mobility for USD 12.5 billion -- making it the biggest ever takeover by the internet giant so far.

Motorola Mobility''s offerings include smartphones, tablets and wireless accessories, among others.

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19 Nov 2011(IST)  
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