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Combination will Supercharge Android, Enhance Competition, and Offer Wonderful User Experiences
MOUNTAIN VIEW, CA and LIBERTYVILLE, IL – AUGUST 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.
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I think the point is they've got about 20,000 patents (given and pending) in their portfolio now for mobile tech. I think it's just going to come down to a settlement with apple. Cause I bet there's more motorola tech they licensed out than that idiotic touch screen patent of theirs. And how the galaxy S looks like the iphone. A couple of we'll let you use "antennaes for this" and google won't just be even, they'll have a lot of leverage.
Also, HTC is taiwanese, ditto with foxconn and asus. The latter 2 seem to be thriving, despite undergoing some major restructuring in recent years. I'm sure HTC will pull through and continue in a niche.
Has google ever done the "this is our license, you can't use it" thing before? They seem very, "sure, we don't mind you using it as long as we get a cut". Just curious if you guys might have some info on that.
I'm still waiting for RIM to be bought out by Google. Integrating the bb business backend into android would be MADNESS! Posted via RS Mobile
lol.
__________________ '00 Honda Accord V6 [sold]
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android was already set to beat RIM and Apple in the next few years..this is just one of many future moves allowing this to take place. I'm a big fan of apple, but the same partner-hating, proprietary model that has given them their scucess, will soon lead to their demise
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