Monday, August 15, 2011

Google To Acquire Motorola for $12.5B

It’s a great news in many aspects, that Google is buying Motorola, the pioneer of Mobile handsets for $12.5 Billion dollars.

Google Inc. (NASDAQ: GOOG) and Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced that they 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. The transaction was unanimously approved by the boards of directors of both companies.

The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.

-- Google Press Release

For starters, that will renew a fresh lease of life to Android market amid growing concerns of security, fragmentation, looming patent wars and an exponential growth. So, can we expect now end-to-end controlled android device much like the Apple’s iOS devices?

Good competition will definitely bring the best of each. So we can expect a much brighter future and fierce competition in the mobile markets.

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