Search giant Google announced a major move into the mobile device space on Monday with a $12.5 billion purchase of Motorola Mobility Holdings. Google said it would pay $40.00 per share in cash, for a total of about $12.5 billion for the company. Google CEO Larry Page said that Motorola Mobility was a good fit for Google because the company had bet big on Android and had a total commitment to Android in mobile devices Google said that the deal will supercharge the Android ecosystem and improve competition in the mobile computing marketing.
Source: https://threatpost.com/google-acquires-device-maker-motorola-mobility-125b-081511/75542/