Motorola is known by many for it's numerous advancements in the technology of the cellular phone. For one thing, it was the creator of the first cell phone ever made. That two pound "brick" didn't last too long, and now, after Motorola created some of the most popular Android phones, Google feels the need to buy them.In a press release put out earlier today, Google said that they were going to buy Motorola Mobility Holdings, Inc. for $40 a share, adding up to about $12.5 billion. $12.5 billion is quite a lot of money, however, Google does have some really deep pockets.
The deal will be made official at an announcement later today.
Now that the facts have been said, one would have to think about the reasoning that Google would want to make such a purchase.
Larry Page, Google's CEO, said the following about the purchase:
"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."
From Page's statement, it seems that this deal has something to do with the people working at Motorola, as well as the partnership that Google and Motorola already have.
From the press conference, it doesn't seem like Android will see many changes because of this buy. Also, Google says they will continue to run Motorola as a separate business.
So, although it seems the end user won't be too affected by this, we really won't know for a while. We'll just have to wait and see what happens. And hope for the best.
Read the full press release here.
