Google is known for its acquisitions, including the $1.65bn acquisition of Youtube in 2006. However, this time they have completely outdone themselves with their acquisition of Motorola Mobility. In their investor press release, the company stated that they have entered into an agreement to acquire Motorola at $40 per share in cash or a total of $12.5bn.
With over 80 years of history in the mobile industry, Motorola is one of the leading providers of mobile handsets including their Android powered smart phone series. I will admit that I have never owned a Motorola phone (being a loyal user of Nokia and Blackberry), but it has one good set of very sleek phones.
The addition of Motorola to the the Google family will enable Google to finally have a strong platform to further market its already growing Android user base. The company plans on maintaining Motorola as an independent company and Motorola will continue to distribute Android on its smart phones. Indeed a very powerful alliance for Google!
Ajay is an investment banker by profession and a die-hard blogger by passion. He is the owner and chief editor of Techtites. In his free time, he also blogs at AjayDSouza.com, authors a few WordPress plugins and operates Sir Arthur Conan Doyle