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Google to Acquire Motorola Mobility

Posted by on 15/08/2011

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Google and Motorola have entered into a $12.5 billion deal in which Motorola Mobility will be bought by internet search giant.

Following a Press Release on August 15th, 2011, both companies jointly announced the approval of the deal, which should see completion either towards the end of this year or early 2012. In case you’re wondering what Motorola Mobility is; earlier this year, Motorola split into two parts – Motorola Mobility, which specifically develops and manufactures mobile phones, and Motorola Solutions, which deals with the rest of technology and their customers.

The unanimous approval of the deal is broken down into $40.00 per share.

According to Google, the plan is to continue running Motorola Mobility as a separate business. Larry Page, CEO of Google, said,

“Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.”

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.”

Several Motorola devices already use Android and such a deal will indeed open up the gates to speed up Android’s development and add more to the already popular and powerful platform.

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