Google Buys Motorola For $12.5B

“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:
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.

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