Google Inc. (GOOG) took a more serious position in the mobile space today announcing plans to acquire Motorola Mobility Holding Inc. (MOT) for $12.5 billion. The move, if approved, would give Google direct control over a device maker and a direct channel to distribute its Android mobile operating system.
The deal calls for Google to pay approximately $40 per share for Motorola’s now independent handset business, or a 63% premium over its closing price last week. Motorola said that following the deal it will remain a separate business under Google and will remain a licensee of the Android platform. Google added that the Android platform will remain open.
Read the rest of this story at RCR Wireless Silicon Valley.
Bored? Why not follow me on Twitter.
