The Motorola Mobility buyout by Mountainview, CA based search giant Google was approved by Motorola’s stockholders in a voting on this Thursday. This was one of the last major formalities left after the deal was already okayed by the FTC.
Out of all the stockholders that participated in the voting process, almost 99% cast their vote in favor of the takeover. Google intends to run Motorola Mobility as a separate entity, though it must be said that going by the voting results the shareholders surely believe that the acquisition is certainly going to help change the company’s tumbling fortunes which saw a loss of $32 million in the last quarter.
So far the acquisition of Motorola has been termed as a double edged sword for Google. Though it gives the search giant an advantage in terms of the patent portfolio acquired, which would help them ward off some of the patent litigation by Microsoft and Apple against them. On the other hand there is a danger of alienating other Android manufacturers if Google gives an impression that they are favoring Moto in any way. That might result in lot of the major player turning towards Microsoft’s Windows Phone platform.
Google has to tread the way ahead carefully and keep the balance. Any slip from the search giant would result in enormous gains for the Redmond guys.
