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August 15, 2011 05:58 pm GMT
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 is almost back at the Friday close level).Motorola Mobility shares, meanwhile, soared close to 60 percent to $38.30. Google's offer price is $40 a share, 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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hO_tgo4gMdk/
Market Thinks "~Googorola' Deal Will Go Through, InterDigital Shares Tank
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 is almost back at the Friday close level).Motorola Mobility shares, meanwhile, soared close to 60 percent to $38.30. Google's offer price is $40 a share, 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. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hO_tgo4gMdk/
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