X

This website uses cookies.

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.

I agree
Learn More
Great Geek Gifts in the Technabob Shop!Get Technabob Daily: Join our Mailing List! | Follow Us: Facebook | Twitter
Awesomer Media Sites: THE AWESOMER | MIGHTYMEGA | 95OCTANE
subscribe to our rss feedsubscribe via e-mailfollow technabob on twittertechnabob facebook fan pageGoogle+follow us in feedly
Follow Us:

Google Buys Motorola Mobility for $12.5B

by Shane McGlaun
Advertisement

Google made one of the largest purchases that it has ever made today with the announcement that it would be buying Motorola Mobility. Motorola has its fingers into all sorts of tech markets and Google is purchasing the mobility product segment only. This means that Google will own the OS with Android and will own the hardware design side of the operation too.

Motorola was one of the largest companies in the smartphone market with some of the most popular Android smartphones around. The deal will cost Google $40 per share at a cost that works out to to about $40 billion. That’s a 63% premium on the street price over Motorola Mobility share prices at the close of last week. The transaction has been approved by the board at Google and at Motorola.

The purchase still needs to be approved by the shareholders at Motorola. The purchase is also subject to regulatory approval and other closing conditions. Google hopes to have the purchase wrapped up by late 2011 or early 2012. Google will continue to make Android an open platform and Motorola Mobility will be a separately operated company.




Comments are closed for posts older than 90 days.

Recent Posts

Affordable Handsfree Bluetooth Mouse for the Disabled: GlassOuse

Affordable Handsfree Bluetooth Mouse for the Disabled: GlassOuse

Double Barrel Paintball Gun Brings 2x the Pain

Double Barrel Paintball Gun Brings 2x the Pain

Conan O\

Conan O'Brien Gets Dicks on His Face for Losing Mario Kart

Giveaway: Win a $1000 Steam Gift Card

Giveaway: Win a $1000 Steam Gift Card

DIY Synesthesia Mask Releases Scents Based on Color: I Smell Trees of Green

DIY Synesthesia Mask Releases Scents Based on Color: I Smell Trees of Green

More from Awesomer Media...

The Awesomer Logo MightyMega Logo 95octane Logo