• Bloomberg Businessweek, Thursday, August 18, 2011 12:44 PM

A shareholder is suing Motorola Mobility and its CEO, Sanjay Jha, over claims that they could have gotten more than $12.5 billion from Google for the sale of the company.

"Investor John W. Keating's complaint, which was filed yesterday at the state courthouse in Chicago, also names Google and nine members of Motorola Mobilty's board as defendants," reports Bloomberg Businessweek.

If the deal isn't interrupted by the U.S. Justice Department over antitrust concerns, Google will gain about 17,000 Motorola Mobility patents, which many see as the company's greatest asset.

As Bloomberg Businessweek notes, Google has been entangled in patent lawsuits with key rivals, including Apple and Microsoft Corp. That said, the agreed-upon sale price left mouths agape when it was announced earlier this week.

Still, "The offered consideration does not compensate shareholders for the company's intrinsic value and stand-alone alternatives going forward, nor does it compensate shareholders for the company's value as a strategic asset for Google," Keating claims.

Read the whole story at Bloomberg Businessweek »