Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 23 November 2011 12:37

Icahn dumps Motorola shares

Written by Nick Farell

motologo

Ican't put up with Google

Activist investor Carl Icahn has flogged off 2.9 million shares of Motorola Mobility Holdings for $114 million. This follows Motorola stockholders approving the $12.5 billion deal to be acquired by the search giant Google.

Ichan sold his hares at a slightly lower price than Google's offer of $40 a share for Motorola mobility. In August, Google said it will buy the handset device manufacturer in its biggest deal ever, paying a steep premium of 63 percent.

It is not clear at this point if Icahn just did not like the idea of Google taking over Motorola or he felt that it was part of his job to encourage the outfit to sell itself. Icahn is famous for buying up companies that are suffering from poor management decisions and forcing them to do the right thing.


Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments