The world's biggest search engine which is well known for everyone has know announced a news which beating the Technology sector. Recently Google announced that they going to acquiring a bigger mobile company, Motorola. Google buying the company for a sum of $12.5 billion in cash. The price of Motorola Mobility is based on the closing price of Motorola Mobility Shares last Friday.
The Co-founder and CEO Larry Page of Google writes on a blog post that they acquiring the Motorola mobility not only because of its strength in Android smartphones and devices, but also for being a “market leader in the home devices and video solutions business.
They also writes, "it will enable us to better protect Android from anti-competitive threats from Microsoft, Apple and other companies”.
Sanjay Jha, CEO of Motorola Mobility, said, “This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.”
Senior Vice President of Mobile at Google Andy Rubin, said, “We expect that this combination will enable us to break new ground for the Android ecosystem. However, our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.”
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