Google announces Motorola Mobility acqusition

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google buys motorola
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Its seems the world of mobile is still on fire, with an Android loyalist Motorola being aquired by Google. This means that Google will get into the mobile production head on, and not just a platform owner. Motorola Mobility, the mobile producing company of Motorola is in agreement to sell out to Google at $40 per share, or a total of $12.5 billion. The transaction was unanimously approved by the boards of directors of both companies.

Image credits http://techpinions.com/

Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.

Larry Page, CEO of Google, said, “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.”

Google is said to remains firmly committed to Android as an open platform and a vibrant open source community, and will continue to work with all Android partners to develop and distribute innovative Android-powered devices.

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US, the European Union and other jurisdictions, and the approval of Motorola Mobility’s stockholders. The transaction is expected to close by the end of 2011 or early 2012.

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