***** BREAKING NEWS: Google to Acquire Motorola Mobility for 12.5 Billion $$ ***

[andhrabalayya]

Google Inc. agreed to acquire Motorola Mobility Holdings Inc. for about $12.5 billion in cash, a move that would make Google more competitive in the mobile-computing market.
The deal, which comes just eight months after the split of Motorola Inc., would give Google control of Motorola Mobility's attractive patent portfolio after the Internet giant recently missed out on a bid for Nortel Networks Corp.'s portfolio. Google, which owns the fast-growing Android operating system used in millions of mobile phones, has a thin portfolio of wireless and telecommunications patents.
The deal has a reverse termination fee of $2.5 billion, according to a person familiar with the matter.
Motorola Mobility shares soared 60% to $39.24 premarket, approaching the offer price of $40 a share, which is a 63% premium to Friday close. Google shares were down 3.2% to $546.50 premarket Monday.

Google will run Motorola Mobility as a separate business that will remain a licensee of Android. Google also said Android will remain an open platform.

[url=http://online.wsj.com/article/SB10001424053111903392904576509953821437960.html]http://online.wsj.com/article/SB10001424053111903392904576509953821437960.html[/url]

[andhrabalayya]

cry@fl

[htnamus]

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[tom brady]

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[BUGZ]

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[skchinnari]

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[gerrard]

nice thread nice thread