Google Acquires Motorola Mobility

Last week Google announced an acquisition of Motorola Mobility for $12.5 billion. The board unanimously approved the sale, the largest in their short history. The deal offered Motorola shareholders $40 per share, a 63% premium on the closing price the previous Friday. Although subject to regulatory approvals in the US, EU and other territories the takeover is due to be complete by the end of 2011.

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