Google buys Motorola
By Asha

Google has paid $12.5 Billion, which is a premium of 63 percent of the closing share price of Motorola, to buy the company.  According to Motorola, the Google takeover is all about ‘Supercharged Android, Enhanced Competition, and Wonderful User Experiences’ but it’s also about the thousands of patents owned by the company.

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.”