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Google’s Motorola Mobility Acquisition Expected to Close Tuesday or Wednesday

by Todd Haselton | May 21, 2012May 21, 2012 1:00 pm PDT

Google on Motorola Sign

Google’s planned $12.5 billion acquisition of Motorola Mobility could close as soon as Tuesday or Wednesday of this week, Motorola Mobility said in a regulatory 8-K form filed on Monday. The acquisition gained China’s approval over the weekend. “As the transaction has now received all required regulatory approvals, the companies are moving to close the transaction within two business days,” the company said in its 8-K filing. It still remains unclear who will head up Motorola Mobility once it’s finally acquired by Google, although TechCrunch suggests that Dennis Woodside, the current head of Americas, could fill the spot. Motorola Mobility may be required to cut jobs after the deal closes, although there has only been speculation on the matter and the company has yet to announce further layoffs.

[via TechCrunch]


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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