Google to Buy Motorola Mobility for $12.5 Billion
New York Times, August 15, 2011
By Evelyn M. Rusli and Claire Cain Miller
In a bid to strengthen its mobile business, Google announced that it would acquire Motorola Mobility, the cellphone business that was split from Motorola, for $40 a share in cash, or $12.5 billion. Motorola manufactures phones that run on Google’s Android software. The acquisition would turn Google, which makes the Android mobile-operating system, into a full-fledged cellphone manufacturer, in direct competition with Apple.
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