Google acquires Motorola for $12.5M
The world’s largest search engine and online marketing company Google recently acquired Motorola Mobility for a sum of $12.5 million which equates to $40 per share, a market premium of 63% after the stock market close of Friday (12 August 2011).
The move, according to Google Investor Relations, should enable Google to
“…supercharge the Android ecosystem…and enhance competition in mobile computing.”
While Google will own Motorola, the company will be run as a separate business and will retain the license for Android which will still remain open source.
According to analyst Tim Renowden in The Australian, the move may have come about after Apple’s successful court injunction blocking the Samsung Galaxy TAB in Australia and Germany which uses Google’s Android operating system.
Related articles across the web