Google Buys Motorola for $12.5 Billion

Tuesday, August 16, 2011

Search giant and online advertising company, Google, has announced that they will be acquiring Motorola Mobility for $40.00 per share in cash or a total of about $12.5 Billion. The transaction was unanimously approved by the boards of directors of both companies. This news was officially announced by Lary Page, CEO of Google, at Google's Official Blog.
CEO of Google, Larry Page, said:
“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.”
CEO of Motorola, Sanjhay Jha, said: 
“This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.”
Finishing the blog post, Lary Page states: 
The combination of Google and Motorola will not only supercharge Android, but will also enhance competition and offer consumers accelerating innovation, greater choice, and wonderful user experiences. I am confident that these great experiences will create huge value for shareholders.
Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.
[Source]

You can follow us on Twitter or Join us on Facebook to receive all updates . . .




Share your views...

0 Respones to "Google Buys Motorola for $12.5 Billion"

Post a Comment

 

Connect with us

Followers

© 2010 - 2017 theinfoW.com All Rights Reserved | Contact Us | About Us | Privacy Policy | Terms of Use |