Google buys Motorola Mobility

Google Inc has just announced that will buy Motorola Mobility for a total  of $12.5 billion in cash ($40.00 per share) and the deal is expected to be closed by the end of 2011 or early 2012.

This is a huge news for the mobile world, Google now enters the device market and will compete and with other handset makers, which may drastically change the mobility competition.

According to the Google’s Senior Vice President of Mobile Andy Rubin, their vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. The company will continue to work with all of their valued Android partners to develop and distribute innovative Android-powered devices.

As for Motorola Mobility, the company will remain a licensee of Android and Google will run Motorola Mobility as a separate business.

“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.” – said CEO of Google Larry Page.

Google buys Motorola Mobility

Source: Googleblog, Motorola

Related posts

Samsung likely working on Galaxy A4 smartphone

Samsung likely working on Galaxy A4 smartphone

It seems that Samsung simply won’t stop releasing new smartphones almost on a daily basis – a new Samsung handset has been just seen on Zauba. The device is a mid-range model that will likely be called Galaxy A4. Currently the smartphone is known as SM-A430. Unfortunately there’s virtually no...

Pentax releases K-7 Limited Silver edition digital camera

Pentax launches limited quantity of 1,000 sets of their K-7 digital SLR camera. This Limited Silver edition model comes with same 14.6 Megapixel CMOS image sensor and several enhancements like, a silver-colored body and a “golden section ratio” focusing screen. Look below for the rest...

Samsung Increases Presence in US HDD Retail Market, Signs Channel Agreement with Micro Center

Samsung Electronics Co., Ltd., a world leader in digital consumer electronics and information technology,  announced an agreement with Micro Center to sell its external hard drives on Micro Center’s web site and in their retail stores nationwide. Micro Center, a premier online and retail store...

Leave a comment