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August 15, 2011 03:35 pm GMT
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 press statement (the why, and what happens to Android now):
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YoxQL0SSAI4/
Google Buys Motorola For $12.5 Billion, Says "Android Will Stay Open"
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 press statement (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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YoxQL0SSAI4/
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