Google the internet giant has announced that it will acquire Motorola Mobility the mobile phone vendor part of the company for about USD $12.5B. Google CEO Larry Page has just announced in Google’s official blog. Motorola will hold the Android license in this acquisition, while the Android operating system will remain open.
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, Motorola's Mobility CEO, said this transaction offers significant value for Motorola Mobility shareholders. "We have shared a productive partnership with Google to promote the Android platform and now through this combination we will be able to do more to innovate and provide exceptional mobility solutions across our mobile devices," he said.
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 acquisition is expected to be finished end of the year or early next year.
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