Wednesday, August 17, 2011

Motorola Mobility N9

Motorola Mobility N9 Purchased by Google: Software and search engine giant Google Inc. witnessed its stock sharply downgraded by Standard & Poor’s equity analysts following Google’s bid to acquire Motorola Mobility and N9 can also be affected by the news. The company is ready to pay $12.5 billion for Motorola Mobility, while the company was valued at only $7.7 billion the previous day. S&P experts recommend to “sell” Google shares, which were rated as “buy” before the deal was announced, and lowered their price forecast from $700 to $500.

Motorola Mobility N9 The deal involves an acquisition by Google of Motorola Mobility, a company that manufacture smart phones, tablets and TV set-top boxes. Subsidiaries of Motorola Mobility are also included in the proposed acquisition. The acquisitions should protect Android from legal disputes and Motorola Mobility is considered a tool to prevent patent disputes with rival companies, sources close to Google revealed.Following the news on the downgrade by S&P, Google stock lost 3.3 percent of its value and closed at levels near $539 on Tuesday.
Tags: google stock, motorola mobility, Motorola Mobility N9, Motorola Mobility N9 purchased, n9
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