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Google buys Motorola Mobility in US$12.5 billion blockbuster deal

Google Inc. and Motorola Mobility Holdings, Inc. this week announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for US$40 per share in cash, or a total of an estimated US $12.5 billion.


August 17, 2011  


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Google Inc. and Motorola Mobility Holdings, Inc. this week announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for US$40 per share in cash, or a total of an estimated US $12.5 billion.

The transaction has been unanimously approved by the boards of directors of both companies.

The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing, Google said in a release adding that the company will remain a licensee of Android and Android will remain open.

Larry Page, CEO of Google, said, “Motorola Mobility’s total commitment to Android has created a natural fit for our two companies.”

Google plans to run Motorola Mobility as a separate business.