Google acquires Motorola Mobility @ $12.5 bn

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Google acquires Motorola Mobility @ $12.5 bn

Google Inc. is to acquire Motorola Mobility Holdings Inc. for $12.5 billion to help protect its fast-growing Android mobile operating system. Motorola stated its shareholders will get $40 a share in cash, which is 63 per cent more than Motorola Mobility's closing price on the New York Stock Exchange on Aug. 12. The deal will give the company access to Motorola's more than 17,000 patents related to wireless technology.

Sanjay Jha, CEO of Motorola Mobility said, "This transaction offers significant value for Motorola Mobility's stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses."

Google unveiled the deal is expected to close by the end of 2011 or early in 2012.


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