Google’s $12.5 billion Motorolla buy.

15 Aug

Google and Motorola have agreed on US$ 12.5 billion buy of Motorola Mobility at $40.00 per share, which is 63 % premium over the closing price of Motorola’s shares on Friday.

By acquistring Motorola, Google hopes to boost android, the mobile operating system as Motorola will remain as an android licensee but run as a seperate business by google.

The manufactures of smartphones and tablets buy is still subject to approval by regulatory bodies in United States and Europea.

Currently Google CEO is Larry Page whereas Motorola’s CEO is Sanjay Jha.

Advertisements

Kindly leave your comment.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s