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August 15, 2011 11:42 am EDT
The Official Google Blog ||Comments
Original Link: http://www.engadget.com/2011/08/15/google-acquiring-motorola-mobility/
Google acquiring Motorola Mobility
Happy Monday to you, and happy Monday to Motorola Mobility, which Google has announced is about to become its next acquisition. This comes hot on the heels of a $56 million Q2 net loss for Moto -- and CEO Sanjay Jha's less than subtle hints about going fishing for Android-related patent royalties. Now, at a price of $40 per share for a total of about $12.5 billion, Big G will be making Moto a "dedicated Android partner" to "supercharge the Android ecosystem" and "enhance competition in mobile computing.
Larry Page had this to say about the deal:
Larry Page had this to say about the deal:
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.
What happens next remains to be seen. Google, on its end, is pledging to continue offering Android as an open platform -- Moto will license it and others will be able to as ever. Additionally, Google will continue to operate its new toy as a separate business and not just make it an in-house hardware wing. But, one has to wonder what this means for companies like Samsung, which partnered closely with Google on the Nexus S, and of course HTC, which released the Nexus One and of course the iconic G1.
Developing...
Developing...
Continue reading Google acquiring Motorola Mobility
Google acquiring Motorola Mobility originally appeared on Engadget on Mon, 15 Aug 2011 07:42:00 EDT. Please see our terms for use of feeds.
Permalink |The Official Google Blog ||CommentsOriginal Link: http://www.engadget.com/2011/08/15/google-acquiring-motorola-mobility/
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