Deals wrap: Merger Monday
Google said it will buy Motorola Mobility for about $12.5 billion in cash in a move to bolster the adoption of its Android mobile phone software.
“Before we get all excited about Google’s biggest acquisition ever, the $12.5 billion planned purchase of phone-handset maker Motorola Mobility, let’s pause and think about Washington,” cautions the WSJ.
Carl C. Icahn, who has long pushed for change at Motorola Mobility, will see the value of his shares in the company rise to just over $1 billion, up from $655.8 million on Friday, reports DealBook.
Time Warner Cable said it will buy Carlyle Group’s cable operator Insight Communications for $3 billion in cash, to broaden its presence in midwest United States.
World No.1 oil drilling contractor Transocean is paying double the market price for Aker Drilling to refresh its aging fleet of Norwegian drilling rigs and boost flagging orders.
After a series of failed takeover attempts and accounting scandals, Computer Sciences Corp is attracting potential activist investors looking to take advantage of a weak share price to push for a breakup, reports Soyoung Kim and Nadia Damouni.