Thursday, January 3, 2013
Crain's Chicago Business is reporting that the 84-acre campus is up for sale.
Crain's Chicago Business is reporting that Google has put the Motorola Mobility campus in Libertyville on the market. Motorola Mobility announced July 26 that it will relocate its Libertyville headquarters to the Merchandise Mart in downtown Chicago in summer 2013. Motorola Mobility will occupy nearly 600,000 square feet on the top four floors and rooftop of the Merchandise Mart. Motorola split into two separate companies — Motorola Mobility and Motorola Solutions — in January 2011. At a press conference in Libertyville in May 2011, Motorola Mobility's former CEO pledged to keep the headquarters in Libertyville. Crain's reports that Binswanger Corp. will market the Libertyville complex, which totals about 84 acres.
Monday, February 27, 2012
Motorola split into Libertyville-based Motorola Mobility Inc., and Schaumburg-based Motorola Solutions Inc., two years ago. Now the siblings are starting to compete with each other.
Tuesday, February 14, 2012
The deal cements the Internet company's position as a hardware manufacturer and owner of a lot of patents—17,000 more.
Friday, August 19, 2011
Libertyville-based Motorola Mobility Holdings Inc., faces lawsuit over recent deal.
Friday, August 19, 2011
A Motorola Mobility Holdings Inc. shareholder is suing the company and its CEO, Sanjay Jha, claiming Motorola did not get the best price when it agreed to be sold to Google Inc., according to BloombergBusinessWeek. On Aug. 15, Google announced it would buy Libertyville-based Motorola for $12.5 billion in cash, news that was welcomed by Mayor Terry Weppler and Lake County Board Chairman David Stolman. Both said the deal would be good for the area. Watch reactions to Google’s announcement from residents near Google's hometown in Mountain View, and near Apple's headquarters in Cupertino. Libertyville residents also weighed in on the deal. For the full story on the lawsuit, visit: www.Businessweek.com
Tuesday, August 16, 2011
Libertyville Patch reached out to local residents for their take.
Libertyville Mayor Terry Weppler says Google’s $12.5 billion acquisition of Motorola Mobility Holdings Inc. is good for the village. But what do other Libertyville residents think? Libertyville Patch visited Liberty Barber Shop, Austin's Saloon & Eatery and Starbucks to hear what local residents had to say about the deal. Watch reactions from residents near Google's hometown in Mountain View, and near Apple's headquarters in Cupertino.
Monday, August 15, 2011
Motorola will keep its headquarters in Libertyville.
Libertyville Mayor Terry Weppler says Google’s $12.5 billion acquisition of Motorola Mobility Holdings Inc. is good for the village. “I talked to both the government affair officers from Google and Motorola today, and I think it’s going to be a good thing. There are no plans to move the (Motorola) headquarters out of Libertyville,” Weppler said. “They are not going to guarantee that it’s going to be here forever, but they gave no indication that it was. Could it be moved in the future? Of course.” Libertyville does not receive any sales tax from Motorola because the company’s handsets are not built in the community, but Motorola benefits the community in several ways. “Number One, a lot of our residents work for Motorola, so we didn’t have…
The online giant announces it is purchasing Libertyville-based Motorola Mobility Holdings Inc.
Monday, August 15, 2011
Google announced Monday it is buying Libertyville-based Motorola Mobility Holdings Inc. for $12.5 billion in cash, a 63 percent premium to the closing price of the handset maker's shares on Aug. 12, according to a press release. "Motorola Mobility’s total commitment to Android has created a natural fit for our two companies," said Larry Page, CEO of Google. "Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers." The news comes just three months after Motorola announced it would keep its headquarters in Libertyville. "This transaction offers significant value for Motorola Mobility…
Monday, June 20, 2011
The Libertyville-based smartphone company is only required to keep a smaller workforce than the one it employs now.
Motorola Mobility recently signed a deal with the state of Illinois to keep its headquarters and jobs in the state in exchange for more than $110 million in incentives. The fine print in the deal, however, reveals that the smartphone company is required to keep fewer people than it employs. According to the Chicago Tribune, the deal only requires Motorola Mobility to retain 2,500 workers. The company employs more than 3,200 people in Libertyville and Chicago. Gov. Pat Quinn says he has nonbinding verbal agreements to keep 3,000 jobs in Libertyville, according to DailyHerald.com. For the full stories, visit: www.ChicagoTribune.com and DailyHerald.com.
Saturday, May 7, 2011
Each week, Libertyville Patch will summarize the week's top stories, including links to those articles, for your convenience.
Motorola Headquarters to Remain in Libertyville Gov. Pat Quinn signed into law Friday an incentive package that will keep Motorola Mobility's 3,000 jobs in Illinois and provide for an investment of more than $500 million in research and development over the next three years. Watch the video here. Gardeners Prepare for Plant Sale in Libertyville Gardeners of Central Lake County will host its annual plant sale at Libertyville Civic Center on May 7. Township Officials Voice Concern Over Proposed Bill At a recent township board meeting, Libertyville Township officials voiced concerns over the proposed Senate Bill 173, which, if approved, would create The Local Government Consolidation Commission to make a list of local governments in Illinois…
Friday, May 6, 2011
Illinois is providing an incentive package that will help keep 3,000 jobs in the state.