Google Finally Seals Its $12.5 Billion Motorola Deal

Google Finally Seals Its $12.5 Billion Motorola Deal

Motorola is now officially a Google company.

Google co-founder and CEO Larry Page announced today that the company has successfully closed its deal to buy Motorola Mobility after several months of regulatory filings, approval hearings and legal "I" dotting and "T" crossing. The Justice Departmant cleared the deal in February, and the Chinese gave their stamp of approval earlier this week.

The acquisition came with a $12.5 billion price tag, making it Google's biggest purchase ever.

Said Page:

I’m excited to announce today that our Motorola Mobility deal has closed. Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone. We all remember Motorola’s StarTAC, which at the time seemed tiny and showed the real potential of these devices. And as a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google.

Hopefully this means more great, up-to-date Android phones will be hitting the market on a regular basis.

[Google via VentureBeat]

Tags: motorola, google, android, larry-page
blog comments powered by Disqus