TweakTown
Tech content trusted by users in North America and around the world
5,912 Reviews & Articles | 38,080 News Posts

Google to acquire Motorola Mobility, can we please have a phone called Googlerola?

Google to acquire Motorola in a shock move

| Business, Financial & Legal News | Posted: Aug 16, 2011 1:52 am

Dedicated Android partner, Motorola Mobility, have been acquired by Google today in an announcement that was music to my ears. Google Inc. and Motorola Mobility Holdings, Inc have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011.

 

TweakTown image news/2/0/20495_36_google_to_acquire_motorola_mobility_can_we_please_have_a_phone_called_googlerola.jpg

 

Google CEO, Larry Page has a few things to say about the acquisition:

 

Motorola Mobility's total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.

 

Sanjay Jha, CEO of Motorola Mobility says:

 

This transaction offers significant value for Motorola Mobility's stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.

 

Whilst Andy Rubin, Senior Vice President of Mobile at Google chimes in with:

 

We expect that this combination will enable us to break new ground for the Android ecosystem. However, our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.

NEWS SOURCES
Techpowerup.com, Adrants.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases