Google to acquire Motorola Mobility, enhances competition in mobile computing

Google Inc. will acquire Motorola Mobility Holdings, Inc. for an agreed $40.00 per share in cash, or a total of about $12.5 billion. While Motorola Mobility is a dedicated Android partner, the acquisition will supercharge the Android ecosystem and will enhance competition in mobile computing.

The acquired share is a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was unanimously approved by the boards of directors of both companies. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.

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