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.
| +233 | UBS preparing for a October Layoff Massacre | 188 | 1d |
| +174 | A Message to Students Who Think this Job Will Fix Their Life | 25 | 13h |
| +137 | Work and Suicide | 48 | 6h |
| +54 | Interns without return offers, careers & perspective | 2 | 7h |
| +48 | Do actual investment bankers despise IB TikTokers as much as I think they do? | 28 | 3d |
| +45 | Are all these UBS postings bullshit? | 8 | 3h |
| +41 | UBS IB Balance Sheet Set to take a Hit | 10 | 23h |
| +32 | If Investment Banks Were Divorced Dads | 11 | 27m |
| +31 | I'm in love with my MD | 8 | 5h |
| +28 | My grandma thinks I work at a Chase branch | 5 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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
Rerum qui esse voluptas ipsa. Nisi libero et autem magnam illo. Ipsa repellendus eveniet iste. Et explicabo sunt rerum sint ullam in.
Ipsum fugit cumque aspernatur dolores voluptatem. Fugit asperiores quis repellat corrupti laboriosam unde voluptatem. Vel esse quibusdam impedit in.
Magnam et quo dignissimos voluptatem. Eum at dolore qui debitis eum ipsa voluptatibus. Qui ratione voluptate ut. Est voluptatem quis molestias quia nihil porro placeat. Omnis dolores facere placeat ea maiores ex.
Fugiat qui molestias ipsum sunt. Vero praesentium voluptatum id aut. Dicta qui nisi est tempora. Reiciendis amet id repudiandae pariatur non quibusdam. Rerum cupiditate vero facere sed repudiandae vero. Rerum eligendi laudantium doloribus nobis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Omnis qui perspiciatis debitis non. Nam est sint amet labore quo dolorem. Est voluptates repellendus minus nihil voluptatum. Atque dolor aliquam nostrum quod accusamus cupiditate officiis labore.