Monday, 15 August 2011

Google to Acquire Motorola Mobility

Internet giant Google has announced that a deal has been struck to acquire the Motorola Mobility for $12.5bn (£7.7bn). A joint statement said that the deal should be finalised by the end of this year, or 2012.

According to Google, the acquisition will allow them “supercharge” their Android operating system. Mobility will run as a separate business, they added.

“Motorola Mobility's total commitment to Android has created a natural fit for our two companies," said Larry Page, Google's CEO.
Sanjay Jha, his counterpart at Mobility, said: "This transaction offers significant value for [our] stockholders and provides compelling new opportunities for our employees, customers and partners around the world."