Google to buy Motorola Mobility for $12.5 billion in cash, its largest deal to date

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MOUNTAIN VIEW, Calif. — Google Inc. is buying cell phone maker Motorola Mobility Holdings Inc. for $12.5 billion in cash. It's by far Google's biggest acquisition and a sign the online search leader is serious about expanding beyond its core Internet business and setting the agenda in the fast-growing mobile market.

Google will pay $40.00 per share, a 63 percent premium to Motorola's closing price on Friday.

Google's Android operating system runs smartphones that compete with iPhones, BlackBerrys and Windows-based mobile devices. Motorola Mobility was separated from the rest of Motorola in January. The company has remade itself as a maker of smartphones based on Android, but has struggled against Apple Inc. and Asian smartphone makers.

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Zachary A. Goldfarb 15 Aug, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=d5dfcf22203e32c6b4b8b2ab724f182a
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