Skip to main content

Google to acquire Motorola Mobility for $12.5 billion

 

Google and Motorola Mobility have announced an agreement whereby Google will acquire Motorola for $12.5 billion. The acquisition price equates to $40 per share of Motorola stock, or a premium of 63% over Friday’s closing price. The move is considered in part to be an effort that will better-align Google to compete with Apple’s iPhone, which owned two-thirds of profits among the world’s top-8 smartphone vendors in the second quarter. A Google-owned hardware arm give the company complete control over device hardware, software and services, resulting in an end-to-end user experience that is completely under Google’s command. Perhaps just as important in this day and age, the deal will also give Google control of Motorola’s extensive patent portfolio. “Motorola Mobility’s total commitment to Android has created a natural fit for our two companies,” Google CEO Larry Page said in a statement. “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.” It is unclear how this might affect Google’s relationship with other Android partners. The deal is subject to regulatory approval, of course, and it is expected to close in late 2011 or early 2012. The full press release follows below.

Google to Acquire Motorola Mobility

Combination will Supercharge Android, Enhance Competition, and Offer Wonderful User Experiences

MOUNTAIN VIEW, Calif. & LIBERTYVILLE, Ill.–(BUSINESS WIRE)–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.

“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.”

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.

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.”

Sanjay Jha, CEO of Motorola Mobility, said, “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.”

Andy Rubin, Senior Vice President of Mobile at Google, said, “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.”

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.

Google to acquire Motorola Mobility for $12.5 billion
Zach Epstein
Mon, 15 Aug 2011 11:39:30 GMT

Comments

Popular posts from this blog

Apple will disconnect ‘obsolete’ first-gen Apple TV from iTunes in May

Apple has announced today it will drop iTunes support for some older devices from May 25. This includes the first generation Apple TV, and also any PC running Windows XP or Vista. The company is introducing new security changes which will prevent those devices from using the latest version of iTunes.
Apple says that the original Apple TV is an "obsolete Apple product" and will not be updated to support security changes. Only those with the second generation of Apple TV or later will be able to access the iTunes store.
Windows XP or Vista users won't be able to use the latest version of iTunes, but older Windows computers can still use previous versions without support from Apple. Those who do so, however, won't be able to make new purchases or re-download previous purchases on that computer. If you're on on XP or Vista, you'll need to upgrade to Windows 7 or later to continue using iTunes normally.
The writing was already on the wall for these devices: Wi…

Windows 10: Microsoft retires HomeGroup

Microsoft plans to remove the HomeGroup functionality from its Windows 10 operating system. The company made the first step towards that goal in the most recent Insider Preview version of Windows 10 as it disabled it in that build.
In "a note about HomeGroup" in the release announcement of the Windows 10 Insider Build, Microsoft confirms that HomeGroup will be retired.
The company introduced HomeGroup in Windows 7 as a new option for home users to access printers, files, and media in home networks. The core idea was to assign all devices to a single HomeGroup to share access to files and printers between all devices.
It is unclear how popular the feature was and is. It is clear however that it was never the only option that Windows users had in this regard, and it was not the best either for certain use cases. You could not add Mac OS X or Linux devices to a HomeGroup for instance.
The end of HomeGroup
Easily connecting to and sharing the important pieces of your digi…

BBM Desktop is now a thing for Android BBM beta users!

With BlackBerry Blend having met an arguably early demise, folks looking to use BBM on their desktop have been out of luck. That might soon change, though, as the latest BBM beta release for Android has a BBM Desktop mode.

With BlackBerry Blend having met an arguably early demise, folks looking to use BBM on their desktop have been out of luck with no desktop application available. That will soon be changing, though, as the latest BBM beta release for Android has introduced a new way to bring BBM to your desktop.
Read More »

https://crackberry.com/bbm-desktop-now-thing-bbm-beta-users