Google Inc (GOOG.O) would pay Motorola Mobility Holdings Inc (MMI.N) a whopping $2.5 billion if it decided to walk away from its proposed $12.5 billion acquisition of Motorola, a source close to the situation said. The reverse break-up fee represents 20 percent of the total size of the deal, announced Monday. On the other side, if Motorola were to decide not to go through with the deal, it would have to pay Google a $375 million break-up fee, the source said. That represents 3 percent of the deal valuation of $12.5 billion. Google said on Monday it would purchase phone hardware maker Motorola Mobility to bolster adoption of its Android mobile software and compete with smartphone rival Apple Inc (AAPL.O).
Google Inc. (Google) is focused on improving the ways people connect with information. Shares of GOOG fell by 1.07% or $-6.01/share to $557.76. In the past year, the shares have traded as low as $447.65 and as high as $642.96. On average, 3353060 shares of GOOG exchange hands on a given day and today's volume is recorded at 1988839.
Motorola Mobility Holdings, Inc. is a provider of technologies, products and services that enable a range of mobile and wireline digital communication, information and entertainment experiences. Shares of MMI traded higher by 56.85% or $13.91/share to $38.38. In the past year, the shares have traded as low as $20.77 and as high as $36.54. On average, 4288420 shares of MMI exchange hands on a given day and today's volume is recorded at 50149880.
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 2.09% or $7.8808/share to $384.87. In the past year, the shares have traded as low as $235.56 and as high as $404.50. On average, 17957500 shares of AAPL exchange hands on a given day and today's volume is recorded at 5562685.
Source
