Google to acquire US mobile company's smartphone business to 'supercharge the Android ecosystem'

Google looks to 'supercharge' Android with Motorola Mobility

 

Google is to acquire Motorola Mobility, the US mobile company's smartphone business, in a $12.5bn (£7.6bn) cash deal.
The takeover will boost Google's increasing dominance in the nascent smartphone and tablet computer market. The $40 a share deal is a 63% premium on Motorola Mobility's closing price on the New York Stock Exchange on Friday.
Larry Page, Google chief executive, 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, chief executive of Motorola Mobility, added: "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."