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Google Seals the Deal on $12.5B Motorola Acquisition
photo courtesy of Shutterstock.com
Google has officially closed its acquisition of Motorola Mobility for
$12.5 billion, putting the search giant in charge of a major
smartphone, tablet and set-top box maker.
“Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cellphone,” Google CEO Larry Page said in a statement. “... And as a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google.”
By buying Motorola, Google gets to beef up its patent portfolio, as rivals Apple and Microsoft try to drag down Android device makers with lawsuits. Motorola has its own ongoing patent lawsuits against Microsoft and Apple, which may help Google get more favorable settlements for Android device makers.
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