In a bid to strengthen its mobile business, Google is buying up Motorola Mobility (the Motorola cellphone business) for $40 a share in cash, or $12.5 billion...by far Google’s largest ever for an acquisition — is 63 percent above the closing price of Motorola Mobility shares on Friday.
“This is an emphatic exclamation point that Google is a mobile company,” said Ben Schachter, an analyst with Macquarie Capital. “This is clearly a defensive deal, they were backed in a corner and they had to protect the Android platform.” [ link ]
[ image is the Motorola Droid X running the Google’s Android ] |
