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Google buys Motorola Mobile 15.08.11

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15 Aug 2011
As I said at the Comment Conference at C4 on 6th July 2011, Nokia, Blackberry and Motorola were all susceptible to a take over bid....Now read on....

Google is buying cell phone maker Motorola Mobility for $12.5 billion in cash in what is by far the company’s biggest acquisition to date.

Google Inc. will pay $40.00 per share, a 63 percent premium to Motorola’s closing price on Friday.

The companies say the deal has been approved by the boards of both.

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