You Believe it or not!!!It has done. At last Google has purchased Motorola Mobility in exchange of $12.5 billion. The transaction includes $40 a share gives Google about 63 percent of Motorola share, and was approved by the boards of both companies.Google CEO Larry Page said
Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.
Sanjay Jha,The Motorola CEO 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.”
The main reason of this acquisition of Motorola Mobility by Google assumed as:
1.Motorola is already dedicated Android partner and Android operating system are used in lots of device makers around the world such as mobile phones, Tabs etc.
2.Enhance their competition in mobile computing.
More quotes:
Peter Chou, CEO, HTC:
We welcome the news of today's acquisition, which demonstrates that Google is deeply committed to defending Android, its partners, and the entire ecosystem.
Bert Nordberg, President & CEO, Sony Ericsson:
I welcome Google's commitment to defending Android and its partners.
Jong-Seok Park, President & CEO, LG:
We welcome Google's commitment to defending Android and its partners.
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