Sat05192012

Last update05:56:57 PM GMT

Motorola Mobility Says U.S. DoJ Antitrust Unit looks for More Data on Google Agreement

Motorola Mobility Says U.S. DoJ Antitrust Unit looks for More Data on Google Agreement

Motorola Mobility Holdings, Inc. revealed recently in a narrow filing that it has obtained an application of the antitrust element of the United States Department of Justice (DOJ) for further information associated to its planned merger with search giant Google, Inc. Motorola Mobility, said in a Form 8-K with the U.S. Securities and Exchange Commission of its intention to cooperate fully and promptly respond to the Department of Justice with the essential details on the merger.

Google decided in mid-August for the acquisition of Motorola Mobility for $ 40 per share in advance, or a whole of about $ 12.5 million. The agreement, with the unanimous approval of the boards of both firms, is expected to close later this year or early next year. The agreement is primarily subject to the approval of the shareholders of Motorola Mobility, as well as other regulatory agreements.

The Motorola Mobility was generated when Motorola, Inc. split into two independent public companies and traded separately. Motorola Mobility is one of the strongest patent portfolios in the organization with more than 17,000 patents as well as 7,500 pending. The proposed agreement is seen as a shot in the arm of Google after it lost in the agreement to acquire 6,000 patents from Nortel Networks Corp.

A consortium of Apple Inc. (AAPL), Research in Motion, Sony Corp.(SNE) and Microsoft Corp. (MSFT), among others, broke the contract for $ 4.5 billion, eliminating modest Google offers of $ 900 million. Google initially offered $ 30 per share for Motorola's mobility on August 1, then raised its offer price to $ 37 and finally settled on $ 40 a share, for a period of two weeks after it was lost in the Nortel's patent agreement.