Corey Posted October 31, 2011 Share Posted October 31, 2011 Motorola Mobility will spend $31 million as it lays off 800 employees ahead of its planned acquisition by Google, Bloomberg reported on Monday. Motorola said in a regulatory filing that it would spend $27 million in employee severance and an additional $4 million closing a number of existing facilities. “Motorola Mobility continues to focus on improving its financial performance by taking actions to manage the company’s costs,” company spokeswoman Jennifer Weyrauch-Erickson told Bloomberg. Google announced its intentions to purchase Motorola Mobility for $12.5 billion on August 15th. Google CEO Larry Page said the acquisition would provide Google with patents that will help the company defend its Android partners in lawsuits with Microsoft, Apple and others. Read View the full article Quote Link to comment Share on other sites More sharing options...
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