Google, an online and search advertising company recently announced that it will be purchasing Motorola Mobility for around $12.5 billion in cash. The price symbolizes premium of approximately 63% to closing price of Motorola Mobility shares last Friday. The Motorola Mobility’s attainment, a dedicated Android partner will facilitate Google to supercharge Android ecosystem and will also enhance competition in mobile computing. The Motorola Mobility will be controlled by Google as separate business. Larry Page, Chief Executive Officer and Co-Founder of Google also states that the company has purchased Motorola not only because of its strength in Android devices and smartphones, but also for being the market leader in video solutions and home gadgets business.
As per the website of Motorola Mobility, it holds around 6700 pending patent applications and 14,600 granted patents all over the world. This particular combination will provide excellent user experiences, supercharge Android and enhance competition. Larry Page, Chief Executive Officer of Google said that Motorola Mobility’s total commitment to Android has generated natural fit for both the companies and mutually will generate astonishing user experiences, which will supercharge the complete Android ecosystem for the advantage of developers, consumers and partners.
Sanjay Jha, Chief Executive Officer of Motorola Mobility stated that this acquisition provides important value for stockholders of Motorola Mobility and offers compelling new opportunities for partners, employees and customers all over the world. Google Inc. is basically a multinational American public corporation devoted in advertising technologies, internet search and cloud computing. The company is involved in offering plenty of products and services to consumers, which includes advertising, search engine, productivity tools, enterprise products and more. The leading market position of Google’s services has led to condemnation of the company over issues such as copyright, censorship and privacy.