Posts Tagged Public Auction

Google outbid itself by 33 percent in Motorola Mobility acquisition, SEC filing reveals

Posted by on Wednesday, 14 September, 2011
Google’s acquisition of Motorola Mobility is already starting to lose that new car smell, but a fresh batch of financial details has now emerged, providing deeper insight into how the deal actually went down. According to an SEC filing that Motorola Mobility released yesterday, Google made an initial offer of per share on August 1st, but soon raised that bid to per share on August 9th, after Moto and its advisers asked for .50. On that same day, Google again raised its offer to per share, even though Motorola wasn’t accepting bids from other firms, for fear that a public auction would jeopardize its sale. This 33 percent increase ultimately added some billion to the pot, bringing the final price tag to .5 billion. A Mountain View spokeswoman declined to comment on the negotiations, though its aggressive bidding suggests that the search giant desperately wanted the deal to go through. The documents also reveal that patent-related issues were at the forefront of discussions from the very beginning, when Google’s Senior Vice President Andy Rubin met with Motorola Mobility CEO Sanjay Jha to talk about their mutual concerns, way back in July. According to the Wall Street Journal, these talks eventually convinced Jha that his company would be better off under Google’s stewardship, amid fears that Moto could get swallowed by the stormy seas of patent litigation — anxieties that the exec made all too apparent just four days before the merger was announced. You can dig through the full SEC filing at the source link below.

Google outbid itself by 33 percent in Motorola Mobility acquisition, SEC filing reveals originally appeared on Engadget on Wed, 14 Sep 2011 04:45:00 EDT. Please see our terms for use of feeds.

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Public Auto Auction; What Do You Need To Know?

Posted by on Saturday, 18 July, 2009

So you want to buy a decent auction car for as little money as possible? Then you should go to a public auto auction. At a car auction – especially at a government auction – you can get a very decent car in any range at an amazingly low price. All over the country you will find a car auction running almost any time.

There are also car auctions on the internet and if you consider buying or bidding on cars online there are a couple of things you need to be aware of:

- The description you read and the pictures you see on the internet don’t necessarily match the reality. Unfortunately not everybody is honest and it’s easy to make a vehicle appear better than it actually is.

The good thing is that there are serious online auto auction sites where cheating people are no option (for example by clicking the hyperlinks in this article). Since you don’t have the option of inspecting the vehicle before you bid on it, I feel it’s appropriate to show some caution.

- Normally a public auto auction considers a bid on a certain vehicle as a contract between the seller and the winning bidder to fulfill the transaction within a specified time.

Do Your Homework Upfront

Before you go to a car auction, be it online or traditional, there are a few things you should take into consideration.

- you must sit down and work out a budget figure or a maximum amount that you can spend freely and – in worst case – can be without.

When you have come up with a set budget you will

- already have narrowed down your options with regard to which car to bid on
- Prevent the risk of bidding too high and spending more than necessary.
- you also want to acquire sufficient automotive knowledge or update the knowledge already might have.

Another option is to bring someone with the necessary knowledge with you and trust his or her abilities to judge the vehicle you consider to purchase.

- get a list of the different vehicles makes and models, their listing values as well as their general asking prices and take it with you to the public auto auction.

With this knowledge you are in a much better position to distinguish a good auction car deal from a bad one and take advantage of it.

by Terry Carters


The Cars You Can Acquire from a Public Car Auction

Posted by on Saturday, 11 July, 2009

If you want to benefit from excellent discounts, taking part in an auction is one good alternative. Through a Public Car Auction, you will be able to obtain second-hand vehicles at discounted prices. Verify first of all, before making any bids, that the car can still be used by it prospective owner. Through simple restoration procedures, some cars can be brought back to perfect condition. Once restored, selling the cars at a profit is an excellent way to earn income. With some cars, however, you may have to set a bigger budget for restoration. Thus, you may remove all the car parts and sell them at an income.