Google will acquire Modu patents for $4.9 BN
Whats up with Acquisitions lately, Recent Microsoft-Skype acquisition and now this. Google will acquire all Modu patents from the bankrupt company for a whopping 4.9 Billion US $. The company had planned for major worldwide release of its spectacular transformer phones, that fit the purpose when needed, and had planned for an IPO, but came close to an imminent closure due to lack of funding.
Google’s $4.9 million IP purchase will be used to pay back Modu’s creditors and former Modu employees who are still due wages. What this could entail is freakishly small Android smartphones……hoping anyway.