Categories: Business

NASDAQ:GOOG – Google Shares Down in Pre Market, Perhaps Overpaid for Motorola Mobility

In the wake of the news that Google is acquiring Motorola Mobility, Motorola’s stock (NYSE:MMI) price is up sharply, over 60% in pre market trading.

In contrast however is Google’s stock price (NASDAQ:GOOG) which is down dramatically, and falling fast, in pre market trading.

The thought from the market is that Google perhaps overpaid for Motorola Mobility when they paid $40 a share ($12.5 billion in cash), even though this acquisition is around a 66% premium for Motorola Mobility.

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Tags: Googlestock