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Monday, August 15, 2011

Google Is Purchasing Motorola?

CNN Money this morning has reported the largest acquisition ever to take place, this surprised deal is for Google to purchase Motorola Mobility for and estimated $12.5 billion dollars. Yes Billion!!!

Google just announced that it is acquiring Motorola Mobility. The search and online advertising company is buying the company for approximately $12.5 billion (or $40 per share), in cash. The price represents a premium of 63 percent to the closing price of Motorola Mobility shares last Friday. Google had about $39 billion in cash at last count.


Here’s the other important part of the PR (the why, and what happens to Android now):


The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.


In a blog post, Google co-founder and CEO Larry Page writes that Google has acquired Motorola not only because of its strength in Android smartphones and devices, but also for being a “market leader in the home devices and video solutions business.”

Source: TechCrunch