Google announced Monday it intends to purchase Motorola Mobility for $12.5 billion, pursuant to regulatory approval. That price is a premium of 63 percent over the closing price of Motorola Mobility shares on Friday. The deal was unanimously approved by the boards of directors of both companies. The news sent Motorola Mobility stock prices soaring over 55 percent by the afternoon. Both Google and Motorola Mobility declined to provide the E-Commerce Times with further comment. The acquisition of Motorola Mobility will let Google supercharge the Android ecosystem, Google told investors.
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Google's Motorola Marriage to Come With Big Patent Dowry
Posted by: Richard Adhikari August 15, 2011 11:57 AMGoogle announced Monday it intends to purchase Motorola Mobility for $12.5 billion, pursuant to regulatory approval. That price is a premium of 63 percent over the closing price of Motorola Mobility shares on Friday. The deal was unanimously approved by the boards of directors of both companies. The news sent Motorola Mobility stock prices soaring over 55 percent by the afternoon. Both Google and Motorola Mobility declined to provide the E-Commerce Times with further comment. The acquisition of Motorola Mobility will let Google supercharge the Android ecosystem, Google told investors.