Motorola Mobility Holdings Inc?s shareholders have approved the $12.5 billion acquisition of the company by Google Inc.
In a statement, Sanjay Jha, chairman and CEO, Motorola Mobility said that the transaction was supported by more than 99 per cent of the total number of voted shares during the voting on the proposed merger with Google.
?We look forward to working with Google to realise the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners,? he said.
In August 2011, Google said it will buy Motorola Mobility for $12.5 billion. Motorola Mobility?s offerings include smartphones, tablets and wireless accessories, etc.
The deal is expected to boost Google?s competitive edge in the mobile computing arena, as well as give it access to Motorola?s range of Android operating system-based offerings.
Motorola expects the merger to close in early 2012, subject to various conditions and necessary approvals.
