Google buys Motorola Mobility for $12.5 billion
August 16th, 2011 - 12:53 am ICT by Aishwarya BhattWashington, August 15 (THAINDIAN NEWS) Internet giant Google has purchased Motorola’s Mobility for $12.5 billion. The deal was announced on Monday. There had been reports earlier that Google was in negotiations with Motorola concerning the takeover.
The chief executive of Google, Larry Page, told reporters that the decision to acquire Motorola was inspired by the motivation to drive the Android platform further. Android is currently the world’s biggest smartphone platform overtaking that of Apple.
In a post on his blog on Monday morning, Page wrote that, ”The combination of Google and Motorola will not only supercharge Android, but will also enhance competition and offer consumers accelerating innovation, greater choice, and wonderful user experiences…`I am confident that these great experiences will create huge value for shareholders.”
With the acquisition of Motorola Mobility, Google has added the production of smartphone to its list of businesses. Motorola will now be involved in servicing. The company is holding on to the Motorola Solutions Inc.
Android is currently on almost 40 smartphones. Page said before they finalized the negotiations for the acquisition of Motorola Mobility, they consulted all their partners. The takeover is expected to be completed early next year. The boards of Google and Motorola have already given their approval to the deal.
- Google to buy Motorola Mobility for $12.5 bn - Aug 16, 2011
- Google to cut 4,000 jobs at Motorola Mobility - Aug 14, 2012
- Microsoft reaches patent deal with LG - Jan 13, 2012
- Apple gets setback in patent war - Dec 10, 2011
- Android taking over the smartphone market - Mar 08, 2012
- Delhi bloggers meet offline to discuss issues, gadgets - Jun 11, 2012
- Google opens online store for Android users - Feb 03, 2011
- Google buys Quickoffice - Jun 06, 2012
- Android, iOS power 85 percent of smartphones shipped - Aug 09, 2012
- Apple, Google working on wearable devices - Dec 20, 2011
- BlackBerry faces stormy AGM as Apple, Google mount pressure - Jul 13, 2010
- Ice cream sandwich powered Galaxy Nexus makes its debut - Oct 19, 2011
- Facebook is partnering with HTC for a Smartphone - Nov 22, 2011
- Motorola Mobility to cut 4,000 jobs - Aug 14, 2012
- BlackBerry buys Swedish software developer - Dec 05, 2010
Tags: accelerating innovation, acquisition, apple, august 15, chief executive, consumers, experiences, google, internet giant, larry page, monday morning, motivation, motorola, negotiations, news internet, shareholders, smartphone, smartphones, solutions inc, takeover