LIBERTYVILLE, IL – Motorola Mobility stockholders voted overwhelmingly to approve the proposed merger with Google Inc.
Approximately 99% of the shares voting at Thursday’s special meeting of stockholders voted in favor of the adoption of the merger agreement, which represented approximately 74% of Motorola Mobility’s total outstanding shares of common stock.
The US$12.5 billion deal, announced in August, includes Motorola’s cable set top box and broadband divisions, some 17,000 patents it owns, plus 7,000 more patent applications in the pipeline.
“We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction”, said chairman and CEO Sanjay Jha, in a statement. “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.”
