Google Pushes Mobile Cloud Industry, Acquires Motorola Mobility For $12.5 Billion In Cash Aug 15, 2011 (Reuters) – Google Inc (GOOG.O) said it will buy Motorola Mobility Holdings Inc (MMI.N) for about $12.5 billion in cash in a move to bolster the adoption of its Android mobile phone software. Google said it would pay $40 per share, a 63 percent premium to Motorola Mobility’s Friday close on the New York Stock Exchange. Motorola Mobility shares jumped 59 percent in premarket trade on Monday. Google, maker of the Android mobile phone operating system software, has been forging ahead in the smartphone
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Report: Google Acquires Motorola Mobility For $12.5 Billion In Cash
by cloudtweaks on August 15, 2011
in Apps, Cloud Computing, Companies, Computing, Google Cloud, Google OS, IT, Mobile, News, Press Release, Security, Smart Phones, Storage, Technology, Tools
