AAPL Stock: 117.81 ( -0.22 )

Printed from

Google bid against itself in Motorola negotations

updated 10:10 pm EDT, Tue September 13, 2011

Search giant paid 30 percent over first bid

Google reportedly bid against itself during the negotiations that led to the company's Motorola Mobility acquisition. A proxy statement posted by the SEC sheds light on details surrounding the deal, which could have been made for $30 per share if Motorola and its advisory firm, Qatalyst Group, had not pushed Google to make secondary offers that consequently brought the purchase price up to $40 per share.

The statement suggests that Motorola executives and advisors met on August 5 to discuss a number of factors, including the status of ongoing patent litigation and potential outcome from settlements in the case. Qatalyst was instructed to reject the $30-per-share offer in the non-competitive bidding process and ask for $43.50 per share. Google responded with an offer of $37 per share but eventually agreed to $40.

The final agreement effectively brought the total buyout price up to $12.5 billion, significantly more than any of Google's previous acquisitions. The search giant had spent $3.1 billion on the advertising firm DoubleClick, while the YouTube buyout cost $1.65 billion. [via Wall Street Journal]

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented