Just in that Google is buying Motorola Mobility for $12.5 Billion...
Definitely a game-changer for the mobile space; It'll be fascinating to see how this plays out. How do people think this might impact HTC, Samsung, and others? I use an iPhone myself, but look forward to seeing what Google has in store.
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The conference call said the other manufacturers were excited about the deal and that Motorola will be run as a separated entity and the licensing agreements won't change.
It looks like it could be a patent play with the added benefit of getting a hardware company too.
The CEO's of HTC, Samsung, LG and Sony all seem to support of the deal and it gives Google access to Moto's huge patent portfolio
Yeah, it's a patent play. With all the lawsuits in the mobility space recently, I guess Google decided it was cheaper just to buy a company to get the IP instead of licensing it or fighting in court.
Interesting that no BB's were advising on this deal. All boutiques
I know, that confused me too. Lazard and Qatalyst... For $12.5 billion you'd think that they would've wanted a BB.
Bought themselves patent protection. Wish I could be bothered to read up on how.
I'm confused. Please explain to me why a BB would be more useful in an all-cash M&A transaction.
Think Centerview did the deal and Qatalyst was brought in later on? Can anyone confirm?
Some of the support from competitors is based in the overwhelming distaste with apple and constant legal battles. Also, the the further buttressing of android as a universal mobile software will help development and strengthen its battle against Mac OS.
From DealBook:
"Lazard and the law firm of Cleary Gottlieb Steen & Hamilton advised Google. Frank Quattrone’s investment bank, Qatalyst Partners, Centerview Partners and the law firm Wachtell, Lipton, Rosen & Katz advised Motorola Mobility."
not surprised by centerview as they advised motorola on some stuff before
i guess cs is not the google designated advisor anymore
Great move by Google. They acquired over 17,000 patents from Moto to aid in its defense of Android from Apple.
Crapple started an all-out patent war, and now Google is going to finish it.
Apple's last pathetic move to slow down a real OS (patent trolling) has now effectively been blocked; they won't have time to seek the injunctions they have on petty grounds because Google can now defend Android manufacturers.
Interesting move. IMHO there are other assets (IP-rich but with spotty operations) out there with similar / more IP that wouldn't compete with Google's Android handset partners though and wouldn't cost over $10 billion to take down.
true, and i think moto has some assets (facilities) that google probably doesn't want. Google might do a spinoff of moto and just keep the patents.
I'll just leave this here...
63% premium makes my Google shares hurt.
Who heads up Tech at Centerview? Qatalyst almost seems like a given in these deals over the past year anyway.
I'd be very interested to see what Lazard's fee is on this. Even 25bps on $12.5bn is over $30m.
this deal is going to be the gift that keeps on giving...look out for some divestitures
the DEF14A should be some interesting reading on this one
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