Google Will Own Motorola Mobility for $12.5 Billion
Google is set to pay $40 per share, a 63 percent premium to Motorola Mobility's Friday closing price on the New York Stock Exchange. The deal will close at the end of this year or early 2012.
Google has decided to buy phone hardware maker Motorola Mobility Holdings for $12.5 billion in cash to reinforce its intellectual property and placing itself directly into the handset business of its Android mobile software.
Google is set to pay $40 per share, a 63 percent premium to Motorola Mobility’s Friday closing price on the New York Stock Exchange. The deal will close at the end of this year or early 2012.
One can easily assume that the omnipresent internet company wants to provide a total experience that’s not only hardware but software as well, mirroring Apple.
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