Google to buy Motorola Mobility for $12.5B | Inquirer Business

Google to buy Motorola Mobility for $12.5B

07:56 PM August 15, 2011

NEW YORK—Internet giant Google will buy US telecom maker Motorola Mobility for $12.5 billion in cash, giving a boost to its Android mobile operating system, the companies said Monday.

The firms have entered into a definitive agreement under which Google will buy Motorola Mobility for $40.00 per share, a 63 percent premium over the closing price of Motorola Mobility shares on Friday, they said in a statement indicating their boards of directors had unanimously approved the deal.

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TAGS: computer, Google, Internet, IT, Motorola, Telecommunications, US

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