Search and online advertising company is to buy the company for about $ 12500000000 (or $ 40 per share) in cash. This price represents a premium of 63 percent from the closing price of Motorola's Mobility last Friday. Google has about $ 39 billion in cash at last count.
Google itself has recently lost in the captivity of thousands of patents owned by Nortel of the bankrupt. Google Chief Legal Officer David Drummond pointed to Microsoft, Apple, Oracle and other companies have colluded to hold polularitas Android by buying the patent software company.
Google co-founder and CEO Larry Page writes that Google has acquired Motorola not only because of the strength in Android smartphones and devices, but also to become "a market leader in the home and business video solutions."
Larry Page, Google's CEO, said, "total commitment to Android Motorola Mobility has created a natural fit for both our companies. Together, we will create an amazing user experience outrageous entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Googler Motorolans for our family. "
Sanjay Jha, Motorola's Mobility CEO, said, "This transaction offers significant value for shareholders of Motorola's Mobility and provides exciting new opportunities for employees, customers, and partners around the world. We have shared a productive partnership with Google to promote the Android platform, and now through this combination we will be able to do more to innovate and provide exceptional mobility solutions across our mobile devices and home business. "
Google said the deal will close late 2011 or early 2012 or at the latest. Google promised to run the Motorola Mobility as a separate business entity.
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