Thursday, August 18, 2011

Google to acquire Motorola Mobility for US$12.5 billion

Google to acquire Motorola Mobility for US$12.5 billion: Google has announced today that it is going to purchase Motorola Mobility for a price of US$40 per share, which adds up to a total amount of US$12.5 billion. Taking Google's patent wars into account, Motorola's portfolio of 17,000 patents could have been an important factor behind the deal. According to a blog post by Google's CEO Larry Page, Motorola will be run as a separate business, while Android will remain an open platform.

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