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, August 13, 2012
Employees are being notified early this week about the status of their jobs.
Less than three weeks after announcing its planned move to the Merchandise Mart in Chicago, Motorola Mobility said it will cut 700 jobs in Illinois, including at its Libertyville headquarters and Chicago office. According to Crain's Chicago Business, Motorola Mobility is cutting 4,000 jobs in total. "The Chicago office is much smaller," said Jennifer Erickson, chief communications officer for Motorola Mobility. She added that "the employees are being notified early this week." CNN Money said these cuts represent one-fifth of the company's workforce and that two-thirds of the jobs cut will be from outside the United States. The Chicago Sun-Times reports that the job cuts will result in Motorola Mobility not receiving the $100 million in tax…
Friday, July 27, 2012
The company's headquarters will move from Libertyville to the Merchandise Mart.
Thursday, July 26, 2012
The company's headquarters will move from Libertyville to the Merchandise Mart.
Motorola Mobility announced July 26 that it will relocate its Libertyville headquarters to the Merchandise Mart in downtown Chicago in summer 2013. “Illinois is Motorola Mobility’s home, and we’re thrilled to bring our employees to downtown Chicago and infuse our company with the vibrant energy of the city,” Dennis Woodside, CEO of Motorola Mobility, said in a press release on the company's website. “We’re 84 years young, and what better place to continue our commitment to the state, honor our heritage, recruit top talent and usher in a new era of wireless innovation than in the historic Merchandise Mart.” Motorola Mobility will occupy nearly 600,000 square feet on the top four floors and rooftop of the Merchandise Mart. According to the …
Tuesday, May 22, 2012
Google completed its acquisition of Motorola Mobility May 22.
- BUSINESS
-
Tuesday, May 22, 2012
Google Inc. announced today that the acquisition of Motorola Mobility Holdings, Inc. has closed, with Google acquiring MMI for $40.00 per share in cash. The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business. Sanjay Jha, who revived Motorola’s Mobile Devices business and led the company through this acquisition, has stepped down as CEO, although he will continue to work with Google to help ensure a smooth transition. Dennis Woodside, who has overseen integration planning for the acquisition and previously served as President of Google’s …
Tuesday, April 3, 2012
The European Union's competition watchdog is looking into whether Motorola Mobility is unfairly restricting competitors from gaining access to vital patents.
Thursday, February 9, 2012
If the U.S. Justice Department gives antitrust approval next week, the acquisition of Libertyville-based Motorola Mobility will give the search giant more than 17,000 patents for mobile-phone technology.
- BUSINESS
- On Bloomberg
-
Thursday, February 9, 2012
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.
- BUSINESS
-
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.
Chris Bettarelli
10:05 pm on Wednesday, August 15, 2012
What the hell else is new at Motorola. For the past 10 years thats all they have been doing is laying off people. They specialize in laying people off now, they are good at it. I will never ever want to work there.   more ›