At the tail end of the process, Motorola Mobility’s board considered seeking other buyers, but ultimately concluded that it was “preferable” to negotiate on a confidential basis with a single potential acquirer, rather than to conduct a private or public auction. Six days later, the deal was done.
http://dealbook.nytimes.com/2011/09/13/how-the-google-motorola-deal-went-down/?partner=rss&emc=rss
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