News
Google to acquire handset maker Motorola Mobility
By Charles Starrett
Senior Editor, iLounge
Published: Monday, August 15, 2011
News Category: Digital Media
Google today announced that it has entered into an agreement to acquire Motorola Mobility for $12.5 billion. Motorola Mobility—formerly the Mobile Devices division of parent company Motorola before being spun off earlier this year—is described in the release as a “dedicated Android partner, and will be run by Google as a separate business, used to “supercharge the Android ecosystem” and “enhance competition.” Larry Page, CEO of Google, said, “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.” The deal is subject to regulatory and stockholder approval.
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