MSFT and Nokia stocks get a boost from Google's deal
While the long term impact of Google's acquisition of Motorola (Googarola?) is still anyone's guess, one short term effect appears be to Microsoft and Nokia's benefit. Microsoft's stock rose 1.63% (up .41 points) and Nokia's stock rose 17.35% (up .93 points) in today's trading activity.
In comparison, Google's stock fell 1.16% (6.54 points) while Motorola Mobility's stock made the biggest jump at 55.78% (up 13.65 points). We're pretty sure the jump with Motorola was due to the 63% premium Google paid for them but it is a little surprising to see Google sag. In addition, it's now been disclosed that Google has agreed to pay Motorola Mobility $2.5 billion if the deal doesn't go through, a figure that is six times the average according to Bloomberg.
Granted none of this could have a thing to do with the $12.5 Billion deal and the stock market these days may not be the best litmus test. As crazy as Wall Street has been lately, tomorrow we may see completely opposite results.
Still, it's nice to see Microsoft and Nokia stocks doing well.