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August 15, 2011 01:05 pm

Google To Acquire Motorola Mobility For $12.5 Bill

zacharye writes "Google and Motorola Mobility have announced an agreement whereby Google will acquire Motorola for $12.5 billion. The acquisition price equates to $40 per share of Motorola stock, or a premium of 63% over Friday's closing price. The move is considered to be an effort that will better-align Google to compete with Apple's iPhone, which currently owns two-thirds of profits among the world's top-8 smartphone vendors..."That's one way to stop royalty payments.

Read more of this story at Slashdot.



Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1sI_6HYnX-Q/Google-To-Acquire-Motorola-Mobility-For-125-Bill

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