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Motorola Regulatory Report Filed with US Securities and Exchange Commission Outlines Google Acquistion

As per the reports of a regulatory filing, Motorola Mobility Holdings Inc. is expected to make $31 million by cutting 800 jobs after the mobile-phone maker agreed to be acquired by Google.

In the regulatory filing with the US Securities and Exchange Commission, it was disclosed that pre-tax costs include $27 million in severance and $4 million for the purpose of closing facilities. The Libertyville, Illinois-based Motorola Mobility company declared approval of the move on 24th October.

The acquisition, worth $12.5 billion of Motorola Mobility by Google, was made public on August 15.

Jennifer Weyrauch-Erickson, Motorola Mobility spokeswoman said, "Motorola Mobility continues to focus on improving its financial performance by taking actions to manage the company's costs," as reported (opens in new tab) by the Times of India.

Google, through the acquisition of Motorola Mobility, wants to acquire mobile patents held by Motorola while trying to enter the hardware business.

CEO of Google, Larry Page, commented that the company might rely on 17,000 patents that Motorola Mobility has to protect various Android supporters from legal troubles including licencing and patent disputes against Apple and Microsoft.