Google buys Motorola Mobility for $12.5B - Computerworld
IDG News Service - Google has entered into an agreement to acquire the mobile phone and tablet maker Motorola Mobility for about $12.5 billion, the company said Monday.
Google has offered about $40 per share in cash, a premium of 63% over the closing price of Motorola Mobility shares on Friday.
Motorola Mobility exclusively ships phones and its Xoom tablet with Google'sAndroid operating system. The deal will mean that Google now has a hardware manufacturer to work with closely to develop Android, said Carolina Milanesi, research vice president at Gartner.
Google will also have control of Motorola's impressive patent portfolio, Milanesi said. Motorola Mobility said earlier this year that it owns about 24,500 patents.
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