15th August 2011
Motorola Mobility was formed when it recently spun off Motorola Solutions, the networking and infrastructure division. At $40 a share, Google is paying a whopping 63 per cent premium to where shares closed last week.
Paid Content writes: "This is a huge deal for both Google and Motorola. It represents Google's first big foray into physical devices, putting it more directly in competition with Apple by covering both the device and services layer in mobile."
"Motorola has been a dedicated partner of Google's, making several handsets and a tablet that use the search giant's Android mobile OS."