- Hank Aaron steps to fundraising plate for Democrat Michelle Nunn
- ISIL terrorists blow up burial site of Jonah, vow more of same
- Impeach Obama, say 35 percent in new poll
- Taliban yank 14 Shiites off bus, bind and shoot them on Afghan road
- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
Developments in Google’s $12.5B Motorola purchase
Question of the Day
Aug. 15, 2011: Google announces plans to spend $12.5 billion to buy Motorola Mobility. Google Inc. would get Motorola’s lineup of cellphones, tablet computers and cable set-top boxes. More important, Google would get Motorola’s more than 17,000 patents _ a crucial weapon in an intellectual arms race with Apple, Microsoft and others to gain more control over the increasingly lucrative market for mobile devices.
Sept. 13: In a regulatory filing, Google reveals that the $12.5 billion purchase price is 33 percent more than Google initially offered. If the deal falls through, Google would still have to pay Motorola Mobility $2.5 billion.
Oct. 27: Motorola Mobility reports smaller net loss in the July-September quarter as phone shipments rises by more than 25 percent from a year earlier.
Nov. 17: Motorola Mobility says its shareholders have overwhelmingly voted to accept the proposed sale.
Jan. 26, 2012: Motorola Mobility issues disappointing results for the last three months of the year. It reports a loss, mirroring preliminary numbers issued three weeks earlier, amid fierce competition in the markets for smartphones and tablet computers. Some analysts have already been worried that Motorola Mobility could drag down Google’s earnings growth.
Feb. 13: European antitrust regulators clear the deal. Although regulators say they didn’t find a reason to believe that the transaction would pose any competitive problems, they raise concerns about Motorola’s aggressive enforcement of its patents. Hours later, the U.S. Department of Justice also approves the deal.
Feb. 22: Microsoft lodges a formal complaint with the European Union’s competition regulator accusing Motorola Mobility of breaking competition rules with its aggressive enforcement of patent rights against rivals. The complaint also names Google, which Microsoft fears will continue Motorola Mobility’s tight hold on key patents. It follows a similar complaint from Apple.
April 3: The European Commission agrees to investigate whether Motorola is unfairly restricting competitors from licensing essential patents. Motorola holds patents that are essential for standards linked to 2G and 3G wireless technology _ the focus of Apple’s complaint _ as well as Wi-Fi connections and compressing video for online use, which are at the heart of Microsoft’s complaint.
May 1: Motorola reports a slightly larger net loss in the first quarter as expenses grew more than revenue.
May 19: Authorities in China approve Google’s bid, though they require Google to make its Android operating system for mobile devices available to all at no cost for the next five years. The condition is apparently in response to concerns that competition could be hurt if Google gives updated versions to Motorola and withholds them from others. Google doesn’t currently charge for Android, and it already had pledged to make Android available to all its mobile partners.
May 22: Google says it has completed the acquisition. With the purchase, Google expands beyond its roots in programming software to provide Internet search and other online services to manufacturing equipment for the first time. The expansion will test Google’s ability to keep its business partners, shareholders and employees happy. Dennis Woodside, president of Google’s Americas region, replaces Sanjay Jha as Motorola’s CEO.
Monday: Google says it is cutting about 4,000 jobs at Motorola Mobility and will close or consolidate about one-third of its 90 locations. The reductions represent about 20 percent of Motorola Mobility’s 20,000 employees, and 7 percent of Google’s overall work force. Two-third of the job cuts will take place outside of the U.S.
TWT Video Picks
Second- and third-stringers eye 2016 if front-runner stumbles
- 'We're coming for you, Barack Obama': Top U.S. official discloses threat from ISIL terrorists
- Obama orders Pentagon advisers to Ukraine
- NAPOLITANO: What if our democracy is a fraud?
- Michelle Obama says money in politics is bad, asks donors for 'big, fat check'
- PRUDEN: The Democratic-wannabe mice under Hillary Clinton's feet
- Hamas rejects Kerry's call for cease-fire; Fears grow others could join fight against Israel
- Presidents of Honduras, Guatemala blame U.S. for border children crisis
- Evidence shows Russia firing artillery into Ukraine: Pentagon
- Norway expects imminent 'concrete threat' from ISIL terrorists 'within days'
- Obama takes aim at 'corporate deserters'
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq