Google-Motorola deal set to close in 2 days
Google’s acquisition of Motorola Mobility will close in the next two business days, according to a form filed by Motorola Mobility over the weekend.
The $12.5 billion takeover, which was announced in August, cleared its final hurdle last week when the Chinese government finally gave the deal a go-ahead, albeit with a condition: Android must remain free and open for the next five years. The deal will give Google an in-house phone manufacturer. However, layoffs at Motorola Mobility are expected as a result of the deal.
