The Internet giant aims to increase the value of its mobile platform. Motorola Mobility will operate as a company separate from Android. Shares of Google fell 2.8 per cent after the news. Google has announced the purchase of the mobile division of Motorola for 12.5 billion dollars, about 8.743 million euros. With this acquisition, the Internet giant aims to give even more potential to its already successful operating system for Android smartphones. The company has reported that Motorola Mobility will operate as a license for Android and it will remain a separate its mobile platform business.
The movement aims to reinforce the ecosystem of Android in the face of growing competition in the market of intelligent mobile telephony. Among other advantages, Google gets with this agreement a number of valuable patents. The total commitment of Motorola Mobility with Android technology has created a natural arrangement for our two companies, according to the statement from the Chief Executive of Google, Larry Page. The combination of both According to Page, companies will create amazing experiences for the users who uploaded all the Android ecosystem for the benefit of consumers, partners, and technical. The offer of $40 per share assumes an award of 63% compared to the closing price of Motorola Mobility on Friday on the New York Stock Exchange. Shares of Google fell 2.8 per cent after the news operations prior to the opening of the market, while those of Motorola Mobility climbed 59%. He is expected that the transaction is complete in late 2011 or early 2012 at the latest. Source of the news: Google acquires Motorola Mobility by over 8,700 million EUR