Peter Kafka

Recent Posts by Peter Kafka

Google Gives Itself Until February 2013 to Get Motorola Deal Done

Earlier this week, Google said it thought it could close its $12.5 billion Motorola Mobility deal “by the end of 2011 or early 2012.” But just in case, it has a cushion: Merger agreements filed with the Security and Exchange Commission give the two companies until February 15, 2013, to get regulatory clearance. As previously reported, the agreement calls for Google to shell out $2.5 billion if it can’t get the deal done; the search giant will receive a $375 million fee if Motorola ends up taking a better deal than the $40 a share it has already accepted.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald