Wow! Google To Acquire Motorola Mobility For $12.5 Billion

A lot of Android enthusiasts have always openly talked about what it would be like if Google bought T-Mobile or another carrier, but it’s been a year or so since people pondered what it would be like for them to buy an OEM. Well today that has happened.

Google and Motorola have sent out a combined press release today announcing that Google has entered into a definitive agreement under which Google will acquire Motorola  Mobility for $40 per share in cash which is about $12.5 billion dollars. The transaction was unanimously approved by both companies Board of Directors.

According to Google this will supercharge the Android ecosystem and enhance competition in mobile computing. Google partnered with Motorola for the launch of the Motorola Droid which brought Android to Verizon Wireless the largest carrier in the United States. The Motorola Droid sold very well and gave Android a big boost from Big Red.  Google also partnered with Motorola for the release of the first Android Honeycomb device, the Motorola Xoom. Unfortunately the Xoom didn’t fare as well.

More after the break

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.”

A little over a year ago when there was speculation that Google would purchase an OEM the OEM in question was HTC.

Source: Google

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