Google Acquires Motorola Mobility
Google recently acquired Motorola Mobility for approximately $12.5 billion. The acquisition will enable Google to supercharge the Android ecosystem as well as enhance its competition in mobile computing. “This acquisition will not change our commitment to run Android as an open platform,” said Larry Page, CEO and Co-Founder of Google in a blog post. “Motorola will remain a licensee of Android and Android will remain open. We will run Motorola as a separate business. Many hardware partners have contributed to Android’s success and we look forward to continuing to work with all of them to deliver outstanding user experiences.” The transaction is expected to close by the end of 2011 or early 2012 and is subject to customary closing conditions such as the receipt of regulatory approvals in the U.S., the European Union and other jurisdictions and the approval of Motorola Mobility’s stockholders.
Flash Sale Web Sites Continue Growth
Online shoppers recently contributed to an increase in site visits totaling 368% in July 2011,for leading retailers including Nordstrom, Amazon.com and Saks Fifth Avenue. Zulily.com, a retailer targeting women and children, captured the highest market share of visits (16%). Ideeli increased 42% in total of visits while Gilt.comwent up 14%, and Nordstrom’s HauteLook was up 8% in July compared to February. Additionally, Amazon’s MyHabit ranked 11out of 87 web sites in the custom category two months after its launch. According to the Experian analyst weblog, the flash sales customers continue to increase― over-indexing against the online population for household incomes more than $100,000 and creditworthy VantageScores of 901-990 and 801-900.