Google plans to cling to its bulging stash of cash to pay for potential acquisitions and other technology investments that might boost future profits, a top executive said Thursday.
A suit by Apple claiming that Motorola Mobility, now owned by Google, is seeking unreasonably high license fees for the use of patents on wireless technology has been thrown out by a judge in Madison, Wis.
Google is cutting about 4,000 jobs at its Motorola Mobility wireless phone business and will close or consolidate about one-third of Motorola’s 90 locations.
Google says it has completed its acquisition of phone maker Motorola Mobility and it has appointed a Google executive as the new CEO of the business.
A judge for the U.S. International Trade Commission has ruled that Apple infringed a patent held by Motorola and dismissed the rest of Motorola’s claims.
U.S. regulators have approved Google’s $12.5 billion bid for Motorola Mobility. The announcement comes just hours after Google won clearance in Europe.
Google’s Mountain View headquarters is no longer large enough to house all of the company’s employees. As a result, the Internet search giant is moving to neighboring Sunnyvale.
Google’s purchase of Motorola Mobility shows the internet giant is serious about expanding beyond its core business and setting the agenda in the fast-growing mobile market.