| Google buys Motorola Mobility for $12.5 billion
Sign in to disble this ad
Quote: |
Originally Posted by BBC A joint statement said the boards of both companies had unanimously approved the deal, which should be completed by the end of this year, or early in 2012. Earlier this year, Motorola split into two separate companies. Mobility develops and manufactures mobile phones, while Motorola Solutions covers wider technologies for corporate customers and governments.
Shares in Motorola Mobility jumped 57% in early trading in New York to $38.27, still below the offer price of $40 per share. Shares in Google fell slightly. Meanwhile, Nokia shares jumped more than 10% on news of the deal, with renewed speculation that the Finnish mobile phone company could become a bid target itself. | Google stated that the main reason for buying the company was to gain a more secure position in the mobile market, but I think a very large part of the acquisition was to end all of the ridiculous patent lawsuits from Apple, Microsoft, etc. Smart move by Google, nonetheless. Link to article Link to Google's response about their rapidly increasing industry dominance.
__________________
In jazz, it's a tribute. In pop, it's a sample. In Classical music, it's fraud.
Last edited by Jon_West : 08-15-2011 at 11:26 AM.
| 
