Google Ready to Acquire Motorola Mobility for $12.5B
Google has announced that it will be acquiring Motorola Mobility for about $12.5 billion USD. This amount is calculated based on $40 per share in cash.
The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.
Larry Page, CEO of Google, 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.”
Google will continue to offer Android as an open platform with the acquisition of Motorola Mobility helping it break new ground in development of devices.
For those partners who already supply Android based smartphones, Google is continuing to work with them as normal so they will also continue to create more Android powered smartphones. This covers the likes of HTC, Samsung and many other partners who currently utilise the Android operating system.
