There is quite interesting news for tech people (and non-tech too). Google have acquired Motorola Mobility. The deal was of around 12.5 Billion USD. The deal will firm Google’s Android have great share in the Mobile App world. This will not enhance Google’s position in mobile market but will supercharge the Android and make the competition with the rival or competitor companies more interesting, as Motorola is dedicated Android partner.
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.”
Google and Motorola Mobility have announced to held a conference call with financial analysts to discuss the stuff in detail. The conference will be available at http://investor.shareholder.com/media/eventdetail.cfm?eventid=101369&CompanyID=ABEA-3VZHGF&e=1&mediaKey=A21887C59EBAAC12F1BCF4D43C080953 (webcast). Even the toll-free number to dial for the conference call is published on the official announcement page of Google with the following details “877-616-4476 (conference ID: 92149124)’
Lets look forward to see the outcome of the aquisition and it’s effects on the market in the coming days. We hope that the competition will result into better and better user experience for the mobile users.
Sources: businesswire.com and Google.com