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Monday, August 15, 2011

Google buys Motorola mobile phone unit for $12.5bn

Google buys Motorola mobile phone unit for $12.5bn Google has made its largest and boldest acquisition yet with the $12.5bn purchase of Motorola’s mobile-phone division, a deal the search company hopes will bolster its Android smartphone system.

The acquisition will put Google and Apple head-to-head in the battle for dominance in the fast-growing smartphone market, as the companies will control both the hardware and software of their products.
http://link.ft.com/r/0QSDPP/ORNZWX/WL1GSD/LQYIY2/ORF0FJ/FW/h?a1=2011&a2=8&a3=15

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