Motorola Mobility Posts Q4 Loss on Merger Costs
Motorola Mobility Holdings Inc. swung to the red in the fourth quarter as costs tied to its pending acquisition by Google Inc. offset higher revenue from handsets.
The company’s stronger-than-expected core earnings come about a year after predecessor Motorola Inc. split its smartphone and set-top box businesses from its mobile and networks operations. Tech giant Google is now in the process of taking over Motorola Mobility after it made a roughly $12.5 billion bid for the smartphone maker and its extensive patent portfolio.
