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.”
Google Buys Motorola. Why?
“Google’s announcement today of its planned Motorola Mobility acquisition may come as a surprise to some, but Moto’s dedication to producing Android handsets, along with its recent $56 million Q2 net loss and comprehensive patent portfolio, make this a logical next move for Mountain View’s search giant.
Operating independently — for the near-term, at least — both companies will cooperate to grow Android, while Google claims that it will remain committed to its other partners as well.
So what will this mean for Google and the future of the smartphone industry as a whole?”