Google to Acquire Motorola Mobility

onlykami

MPA (400+ posts)
MOUNTAIN VIEW, CA and LIBERTYVILLE, IL AUGUST 15, 2011 Google Inc. (NASDAQ: GOOG) and Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was unanimously approved by the boards of directors of both companies.


http://investor.google.com/releases/2011/0815.html