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Google To Buy Motorola Mobility For $12.5 Billion

08/15/2011 8:27 am 0 comments

Source: David Goldman / CNN Money

New York – In a surprise deal that would be its largest acquisition ever, Google has agreed to buy Motorola Mobility for $12.5 billion, the two companies said Monday.

Google, the world’s search leader, said it believes the mobile device maker will help it gain an even stronger foothold in the mobile marketplace. Google licenses Android, the popular mobile operating system, which competes with Apple’s (AAPL, Fortune 500) iPhone and iPad, Research In Motion’s (RIMM) BlackBerry and Microsoft’s (MSFT, Fortune 500) Windows Phone among others.

But Google also said it wants to buy Motorola Mobility to defend against patent lawsuits levied by its competitors.

Motorola Mobility has been in the communications business for more than 80 years, and it invented the cell phone 30 years ago — back when it was still just called “Motorola.” Earlier this year, Motorola’s consumer products business split from its public safety business, Motorola Solutions (MSI, Fortune 500).

To read this article in its entirety visit CNN Money.

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