Google has just dropped a bombshell on the mobile phone industry. It has announced that it is acquiring Motorola Mobility for $12.5 billion in cash, a 61% premium.
In a post titled 'Supercharging Android: Google to Acquire Motorola Mobility', Google's co-founder and CEO Larry Page has explained why it has decided to buy Motorola.
In 2008, Motorola bet big on Android as the sole operating system across all of its smartphone devices. It was a
smart bet and we’re thrilled at the success they’ve achieved so far. We believe that their mobile business is on an upward trajectory and poised for explosive growth.
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