Google buying Motorola’s Mobility mobile-phone division
Andy Ruffell / 7 years ago
Google are set to pay out $12.5 (£7.7) billion for the acquisition of Motorola’s mobile division Motorola Mobility which covers their smart-phones and tablets, Motorola will remain a licensee of Android which will remain an open platform, Motorola Mobility will be run as a separate business.
The transaction subject of course to the agreement of regularity approval in the U.S and E.U as well as agreement from current stockholders of Mobility, the transaction is hoped to be completed by late 2011 to early 2012 (which is also dependant on the Mayan calender being wrong).
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.
Its hoped that the deal will further the chances of being a significant ipad and iphone rival.