Motorola Mobility stockholders have gave their nod for company’s merger with Google. Almost 99pc of votes were cast in favor of the merger at today’s special Meeting of stockholders.
As we have earlier reported, Google has acquired Motorola Mobility for $12.5 billion and the merger is expected to be completed by early 2012 and there are still lot of hurdles in the form of regulatory approvals and other conditions.
Sanjay Jha, chairman and CEO of Motorola Mobility, said,
“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. 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.”