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Breaking: Smartphone Wars Heat Up: Google To Acquire Motorola Mobility For $12.5 Billion | The Domains
Google announced early on Monday morning that it will acquire Motorola Mobility Holdings, for around $40 per share or $12.5 Billion Dollars “a premium of 63% to the closing price of shares on Friday, August 12, 2011,”
According to CNN.com “it would be Google’s largest-ever acquisition. It’s previous largest deal was for online ad company DoubleClick ($3.1 billion), followed by the 2006 purchase of YouTube ($1.65 billion). Google also was part of an investor group that purchased a 22% stake in Clearwire for $3.2 billion in late 2008. As of last check, Google had around $39.1 billion in cash on hand”.
According to Google’s blog, “more than 150 million Android devices have been activated worldwide, with over 550,000 devices now lit up every day”
In addition to the getting the phone manufacturer Google is getting 24,000 patents held by Motorola which some would argue might be the most valuable part of the acquisition.
For me it’s an interesting move by Google with an Anti-trust action by the US against the company already gearing up.
“This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world,” Motorola Mobility CEO Sanjay Jha said in a statement.
“Our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community,” Android head honcho Andy Rubin said in a statement. “We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.”
gaygle will own everyone soon
Breaking: Smartphone Wars Heat Up: Google To Acquire Motorola Mobility For $12.5 Billion | The Domains
Google announced early on Monday morning that it will acquire Motorola Mobility Holdings, for around $40 per share or $12.5 Billion Dollars “a premium of 63% to the closing price of shares on Friday, August 12, 2011,”
According to CNN.com “it would be Google’s largest-ever acquisition. It’s previous largest deal was for online ad company DoubleClick ($3.1 billion), followed by the 2006 purchase of YouTube ($1.65 billion). Google also was part of an investor group that purchased a 22% stake in Clearwire for $3.2 billion in late 2008. As of last check, Google had around $39.1 billion in cash on hand”.
According to Google’s blog, “more than 150 million Android devices have been activated worldwide, with over 550,000 devices now lit up every day”
In addition to the getting the phone manufacturer Google is getting 24,000 patents held by Motorola which some would argue might be the most valuable part of the acquisition.
For me it’s an interesting move by Google with an Anti-trust action by the US against the company already gearing up.
“This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world,” Motorola Mobility CEO Sanjay Jha said in a statement.
“Our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community,” Android head honcho Andy Rubin said in a statement. “We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.”