Motorola Mobility today announced that its shareholders have voted overwhelmingly in favour of the proposed merger with Google. Some 99 percent of shares, representing 74 percent of all outstanding shares, voting voted in favour of the US$12.5 billion deal.
Sanjay Jha, chairman and CEO of Motorola Mobility, said, “We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction. We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.”
The merger is now expected to close in early 2012, pending various closing conditions and scrutiny from the Department of Justice which asked for more information about the deal. Google has already indicated that it plans to keep Motorola as a separate entity, likely to allay concerns from other manufacturers who use Android.
Google’s intention to acquire Motorola was announced in August.