Rumor: Microsoft Also Wanted To Acquire Motorola
Google Inc. (NASDAQ:GOOG) may have been pressured into snapping up Motorola. If Google did not buy them, the chances of Microsoft Corporation (NASDAQ:MSFT) may have been high. According to GigaOM, Motorola was in acquisition talks with several companies, including Microsoft.
Apparently Microsoft did not want to run a hardware business and was only interested in Motorola’s patents. This is why Motorola believed Google was a better fit. Google had moved aggressively on this deal and agreed to purchase Motorola for $40 per share, which is a 60% premium of the company’s recent stock price.
The talks between Google and Motorola started five weeks ago. Google CEO Larry Page and Motorola CEO Sanjay Jha had numerous discussions beforehand.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry