Saturday, October 29, 2011

Motorola Mobility to cut 800 ahead of Google acquisition

Source: www.bizjournals.com --- Saturday, October 29, 2011
Motorola Mobility Holdings Inc. said Friday it will cut 800 jobs as it prepares to be acquired by Google Inc. The mobile and set-top device maker said in a regulatory filing that it will cost about $31 million to reduce its work force and that charge will show up in the current quarter's results. Google (NASDAQ:GOOG) agreed to acquire Motorola Mobility (NYSE:MMI) for $12.5 billion in a move through to be mostly about the patents it will gain. The deal is expected to close by the end of this year or early next year... ...



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