Breaking: Google buy Motorola for $12.5 Billion

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It has been announced that Google has acquired Motorola Mobility for $40.00 per share or $12.5 billion. This is Google’s largest acquisition with the aim to challenge Apple as a handset producer.
Larry Page CEO of Google had this to say of the acquisition:
“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.”
Andy Rubin, Google’s senior vice president of mobile, said in a statement that the Android platform will remain open:
“Our vision for Android is unchanged, and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.”
Motorola is a great business and has over $3 billion in the bank. They also have 19,000 employees and produce set top boxes and phone accessories. It will be interesting to see how they can put both businesses together.

About Faisal Ebrahim

Tech enthusiast, IT & Cybersecurity consultant & Sales manager. I'm passionate about staying ahead of the curve on emerging technologies, including EVs, AI, robotics, and the metaverse. For over 15 years, I've explored and shared these innovations on my blog,

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