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.
Google partners including Samsung have welcomed the move.
Related articles across the web
- PNG Government Introduces ICT Procurement Standards and Best Practices 2025 - October 16, 2025
- Understanding 5G: The Future of Connectivity - October 12, 2025
- Hackers Publish Qantas Customers’ Data on Dark Web After Third-Party Breach - October 12, 2025
