Larry Page, CEO Google Inc. posted and confirmed the acquisition of Motorola by Google Inc. in total of $12.5 billion ( a $40 per share in cash ). Both companies are agreed with this agrement and expect that soon the market will be more competitive as this deal will result in upcomin amazing user experiences benefiting consumers, partners and developers.
As per Google blog post “The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.”
Larry Page is looking forward to welcoming Motorolans to our family of Googlers. After this acquistion the market will much more stiffer as Android is already running on over 550,000 devices now lit up every day—through a network of about 39 manufacturers and 231 carriers in 123 countries.
Sanjay Jha, CEO of Motorola Mobility, said, “This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.”
This transaction will be end nearby the end of this year or by early 2012.