Google to acquire Motorola Mobility for $12.5 billion

Google and Motorola Mobility have announced an agreement whereby Google will acquire Motorola for $12.5 billion. The acquisition price equates to $40 per share of Motorola stock, or a premium of 63% over Friday’s closing price. The move is considered to be an effort that will better-align Google to compete with Apple’s iPhone, which owned two-thirds of profits among the world’s top-8 smartphone vendors in the second quarter. A Google-owned hardware arm will be able to hold complete control over device hardware, software and services, resulting in an end-to-end user experience that is completely under Google’s control. “Motorola Mobility’s total commitment to Android has created a natural fit... »read more

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