Not that we ever really expected otherwise, but the shareholders of Motorola Mobility today approved the company's merger with Google. Motorola says 99 percent of the votes were in favor of the merger, and the votes represented about 74 percent of the company's outstanding shares as of Oct. 11.
“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," CEO Sanjay Jha said in a released statement. "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.”
Google has said it intends to continue to run Motorola as a separate company. The deal, worth some $12.5 billion, is expected to close late this year or in early 2012.
Source: Motorola
