Google‘s stock price isn’t really going anywhere yet, while the market digests the news that the company is to acquire Motorola Mobility for $12.5 billion in cash (it dropped about 2 percent on market open but actually topped Friday close level for a while afterwards).
Motorola Mobility shares, meanwhile, soared close to 60 percent to $38.30. Google’s offer price is $40 a share, which is a 63 percent premium to Friday close.
The one company really taking a hit today after the news is InterDigital, which holds a good number of wireless patents, after having jumped quite a bit in the past two months.
Google was rumored to be interested in acquiring the mobile phone technology and licensing company – as well Apple, Samsung and others – but Google’s purchase of Motorola Mobility makes it far less likely that the company will buying InterDigital for its patent portfolio outright.
According to its website, InterDigital holds approximately 8,800 patents, and has almost 10,000 patent applications in process, worldwide.
InterDigital shares are down almost 22.5 percent to $58.75 at the time of writing.
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to mobile and wireline digital communication devices that provide compelling experiences, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $22 billion in 2009
Google provides search and advertising services, which together aim to organize and monetize the world’s information. In addition to its dominant search engine, it offers a plethora of online tools and platforms including: Gmail, Maps, YouTube, and Google+, the company’s extension into the social space. Most of its Web-based products are free, funded by Google’s highly integrated online advertising platforms AdWords and AdSense. Google promotes the idea that advertising should be highly targeted and relevant to users thus providing...
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