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Construction needs cloud flexibility

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Motorola Mobility shareholders approve acquisition by Google

IT Industry - Deals

Shareholders representing about 74 percent of Motorola Mobility's shares have voted to accept Google's $12.5b takeover offer, announced in August.

However the votes cast in favour of the deal at the company's special meeting of stockholders amounted to 99 percent of the share representation present at the meeting.

Motorola Mobility had previously disclosed that it expected the merger to close by the end of 2011 or early 2012.  It now expects closure to occur in early 2012. However the merger remains subject to various closing conditions.

When Google announced its bid it said the move would "enable Google to supercharge the Android ecosystem and enhance competition in mobile computing," that it would run Motorola Mobility as a separate business; that Motorola Mobility would remain a licensee of Android and that Android would remain open.

Andy Rubin, senior vice president of mobile at Google, said: "Our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices."

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