Google will pay $2.5bn if Moto deal fails
August 22, 2011
The SEC filing on Google’s bid for Motorola reveals a $2.5bn break clause if regulators deny the deal – that’s 20% of the value of the bid.
The filing also revealed a termination fee of $375 million that Motorola will have to pay to Google if it accepts a better buy-out offer from a competitor.
The clause indicated Moto’s nervousness given that Google has found itself in the antitrust sights of regulators around the world.
Other posts by :
- Impressive Starlink deployment rate
- Bank: Space industry worth $1tn by 2040
- Xona Space wants 259 LEO satellites
- 36 major airlines now committed to Starlink
- Quilty: Top 5 Washington Satellite show takeaways
- Space Wars: Starlink vs Amazon Leo
- Eutelsat seeks ISRO deal for launches
- Virgin Galactic sets prices for space tourists
- Devas vs Antrix rumbles on