Google to Buy Motorola Mobility For $12 Billion

This Monday we witnessed big news, that Google is buying Motorola Mobility. Motorola Mobility was previously the Mobile Devices division of Motorola Inc., and produces Motorola Android Smartphones, Tablets and other mobile accessories. Motorola Mobility’s shares were going down and recently they encountered net loss of a $59 million whopping amount. Google acquired this company for $12.5 Billion with $40 per share price.Google Buys Motorola

Now after acquiring the Moto Mobility, Google has stepped in the field of production of devices, by this I mean Google is coming face to face with Apple now. This deal will make Motorola, Google’s dedicated Android partner which will supercharge the ecosystem and also a new and improved competitor in the mobile markets.

According to the CEO Google, Larry Page; Motorola Mobility has been always committed to the Android and its ecosystem, so both companies will get along very well. Together, both companies will do wonders by supercharging the entire Android ecosystem, creating amazing user experiences for the consumers, partners and developers. They are welcoming Moto to their Google family with open hearts.

Mr. Sanjay Jha, CEO of Motorola Inc., also replied with hope that this deal will be the breakthrough for Motorola Mobility and new opportunities will be provided to our employees.Motorola Sold to Google

Overall this partnership has been appreciated by everyone. This is a productive deal and it will create excellent mobility solutions to the businesses by creating new features for their smart devices. Google will continue offering Android as an open platform to all of its partners, so they don’t have to worry about anything. Motorola Mobility will be run by Google as a separate business and would not interfere as an in-house hardware wing.

Google’s partners, HTC, Sony Ericsson, LG and Samsung have appreciated this step and Welcomed Google for its commitment towards defending the Android, its partners and the ecosystem.

This deal will be confirmed in the late 2011 or might be in early 2012 after receiving regulatory approval in the big regions like U.S., Europe and others.

Image Credit Goes to: thetelecomblog.com

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Subscribe

Subscribe to our e-mail newsletter to receive updates.

, ,

No comments yet.

Leave a Reply