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Friday, 19 August 2011
BREAKING: Google Buys Motorola for $12.5 Billion
Google has purchased Motorola Mobility, a company that makes many of the phones its Android operating system runs on, for $ 12.5 billion — a 63% premium on its current share price.
The acquisition, Google said in a a statement, “will enable Google to supercharge the Android ecosystem.” The company will continue to be run as a separate business.
Buying a hardware company is an unusual move for Google.
More to come…
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