Google co-founder and CEO Larry Page announced the buy first thing this morning, saying that they had purchased Motorola Mobility for twelve and a half billion dollars, or $40 per share.
This is around 63% of what Motorola is worth and it a big amount of money seeing that Google’s cash reserves are only around $39 billion. This proves how important it is for Google to buy Motorola.
With this, Google now makes both software and hardware for smartphones just like most of it’s competitors like Microsoft, Apple, HP and Nokia. And of course, another main reason it to own all the patents of Motorola Mobility. This means a lot to Google in all these harsh patent war!
Read this article for more information.
Don’t you think this is a big big news?