Google to Acquire Motorola Mobility

[Preach2k]

Google to Acquire Motorola Mobility Enabling Android to “Break Ground"!

As Kurt Angle say's It is Real It's Dawn Real, you are reading it right. According to Official Google Blog, CEO Larry Page describes the company's success with Android, with 550,000 device activations per day and over 150 million activations worldwide. In their quest to "supercharge the Android ecosystem," they have decided that Motorola are the best handset manufacturer to help them do that.

Google or Motorola won’t give many details about, but you can tell that they are very pleased with this partnership. Rubin spoke with the top 5 manufacturers yesterday and made it very clear to all of them that nothing has changed. Motorola will operate as its own company and Android will remain open to use as it has been. The idea here is that it gives Google a chance to “supercharge” the OS.

Google to Acquire Motorola Mobility

Combination will Supercharge Android, Enhance Competition, and Offer Wonderful User Experiences

MOUNTAIN VIEW, Calif. & LIBERTYVILLE, Ill. – Aug. 15, 2011 – Google Inc. (NASDAQ: GOOG) and Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was unanimously approved by the boards of directors of both companies.
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, CEO of Google, said, “Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.”
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.”
Andy Rubin, Senior Vice President of Mobile at Google, said, “We expect that this combination will enable us to break new ground for the Android ecosystem. However, our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.”
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US, the European Union and other jurisdictions, and the approval of Motorola Mobility’s stockholders. The transaction is expected to close by the end of 2011 or early 2012
Webcast Information
Google and Motorola Mobility will hold a conference call with financial analysts to discuss this announcement today at 8:30am ET. The toll-free dial-in number for the call is 877-616-4476 (conference ID: 92149124). The call will also be webcast live athttp://investor.shareholder.com/media/eventdetail.cfm?eventid=101369&CompanyID=ABEA-3VZHGF&e=1&mediaKey=A21887C59EBAAC12F1BCF4D43C0809 53. The webcast version of the conference call will be available through the same link following the conference call.
About Motorola Mobility
Motorola Mobility, Inc. (NYSE:MMI) fuses innovative technology with human insights to create experiences that simplify, connect and enrich people’s lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.

Source

[OneTenderRebel]

I for one think this should and will be a great partnership. I really look forward to what the future holds for these two now.

To be or not to be........................wait what was the question? This signature has been Tapatalk approved.

[craigboy]

This has to mean the end of MotoBlur! Awesome

Also, I now have real hope for a Verizon Nexus

[lieblax]

This is awesome. Motorola to me makes the best phones, and this means things will only get better. For America!

[OneTenderRebel]

I do wonder if this will change the bootloader stance and also MotoBlur. My initial thought is blur isn't going anywhere though.

To be or not to be........................wait what was the question? This signature has been Tapatalk approved.

[markwebb]

Great news---not only for Google's acquisition of MOTO's patent portfolio...but quality control is now more focused on both software and a handset. Just hope they continue MOTO's excellent build quality.

[bplewis24]

Man this is awesome news. They buy out the best smartphone hardware manufacturer and hopefully this leads to a better user experience for us.

Brandon

[jstafford1]

I think this is awesome. In the end you have the best hardware with the chance to have the best OS without all the extra stuff added. Now we will see a Moto Nexus for sure, maybe not the next one but after that it's gotta be a Moto Nexus. Hopefully this means Vanilla ICS headed to the D3 in an update

[bplewis24]

"This acquisition will not change our commitment to run Android as an open platform. Motorola will remain a licensee of Android and Android will remain open. We will run Motorola as a separate business. Many hardware partners have contributed to Android's success and we look forward to continuing to work with all of them to deliver outstanding user experiences.
"

Most important part of the press release...

[ilikemoneygreen]

Not to be a hater, but Kirk Angle? And this is kinda cool, now if google just needs to buy sammy and htc and we can have a ball.