Shareholder Sues Motorola Claiming Google Didn’t Pay Enough

Shareholder John W. Keating filed a complaint against Motorola Mobility and CEO Sanjay Jha claiming the mobile phone company sold itself to Google for pennies on the dollar.

The Google deal will pay each shareholder $US40 a share, a 63% increase over the stock’s closing price last week, According to Keating’s complaint, this sum undervalues the worth of the Illinois company. He is seeking class-action status and wants to block the sale.

I don’t know about you, but if I got a 63% return on my investment, I would take the money and run. [Business Week]


The Cheapest NBN 50 Plans

It’s the most popular NBN speed in Australia for a reason. Here are the cheapest plans available.

At Gizmodo, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.