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专栏 - 从华尔街到硅谷

谷歌并购摩托罗拉内幕:意向买家大有人在

Dan Primack 2011年08月17日

Dan Primack专注于报道交易和交易撮合者,从美国金融业到风险投资业均有涉及。此前,Dan是汤森路透(Thomson Reuters)的自由编辑,推出了peHUB.com和peHUB Wire邮件服务。作为一名新闻工作者,Dan还曾在美国马萨诸塞州罗克斯伯里经营一份社区报纸。目前他居住在波士顿附近。
摩托罗拉移动公司所聘请的投资银行(高科技投行Quatalyst Partners和并购咨询公司Centerview Partners)也邀请了买家,以便一探深浅。

    多位知情人士向《财富》杂志(Fortune)透露,谷歌(Google)并不是唯一一家有意收购摩托罗拉移动公司(Motorola Mobility Solutions)的公司。这家搜索巨头周一同意以125亿美元的价格收购摩托罗拉移动,但拒绝透露它是否参与了竞价过程。

    一位知情人士表示:“摩托罗拉移动公司所聘请的投资银行(高科技投行Quatalyst Partners和并购咨询公司Centerview Partners)也邀请了其他买家,以便一探深浅。我不知道他们是不是真的有兴趣收购,或者只是作为掩护竞拍协议(stalking horse)的参与者来推高收购价格。”

    迄今为止还没有哪个买家获得确认,不过猜测都指向了惠普公司(HP)和戴尔公司(Dell)。【最新消息:欧姆•马利克(科技资讯网站GigaOm创始人兼高级撰稿人——译注)报道称微软公司(Microsoft)也牵涉其中。】同样不清楚的是,除了谷歌公司,是否还有其他公司正式提出过收购摩托罗拉移动公司。

    一切内情很快会在提交给监管部门的文件中获得澄清,但在等待真相揭晓前,不妨迅速做个猜测:

    是否有可能是谷歌公司自己考虑与第三方公司合作?我听说谷歌的谈判涉及不同的策略,我怀疑其中一个是否是谷歌公司收购摩托罗拉移动公司的专利而由其他公司来收购硬件(加上长期授权协议)。毕竟,要一口吞下HTC公司这样的Android原始设备制造商还比较困难,同时,三星公司(Samsung)对谷歌公司与自己开展有效竞争的计划也处之泰然(不管谷歌公司周一早上在官方声明中的说法如何)。

    译者:清远

    Google (GOOG) was not the only company that discussed an acquisition of Motorola Mobility Solutions (MMI), multiple sources tell Fortune. The search giant earlier today agreed to buy MMI for $12.5 billion, but declined to say whether or not it had been a competitive process.

    "Motorola Mobility's bankers [Quatalyst Partners and Centerview Partners] brought some other folks in to kick the tires," one source says. "I don't know if they had serious interest, or if it was just a stalking horse to drive up the price."

    No suitors have yet been identified, although speculation has centered on HP and Dell. [Update: Om Malik is reporting that Microsoft was involved.] It also is unclear if anyone other than Google made a formal offer to buy MMI.

    All of this should be sorted out soon in regulatory filings, but a quick piece of idle speculation while we wait:

    Is it possible that Google itself considered working with a third party? I hear that its negotiations involved several different machinations, and wonder if one was that Google would buy MMI's patents and someone else would buy the hardware (plus a long-term licensing agreement). After all, it still is hard to swallow that Android OEMs like HTC and Samsung are really okay with Google's new plan to effectively compete with itself (no matter what they said this morning in official statements).

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