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
Cool Gadgets, Gizmos, Games and Geek Stuff on Technabob
VISIT OUR OTHER SITES: THE AWESOMER | 95OCTANE

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.

Deals in The Technabob Shop



17x17x17 Rubik’s Cube Disassembled

17x17x17 Rubik’s Cube Disassembled

A Futile and Stupid Gesture (Trailer)

A Futile and Stupid Gesture (Trailer)

Drawing a Bio-Mechanical Crab

Drawing a Bio-Mechanical Crab

Advertisement
2019 Bullitt Mustang VIN001 Sold at Auction

2019 Bullitt Mustang VIN001 Sold at Auction

Bentley Bentayga V8 Drops Some Cylinders, Keeps the Luxury

Bentley Bentayga V8 Drops Some Cylinders, Keeps the Luxury

2019 Hyundai Veloster Revealed: Is it Better in Every Way?

2019 Hyundai Veloster Revealed: Is it Better in Every Way?