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Message: <blockquote data-quote="-Nipuna1989-" data-source="post: 10816464" data-attributes="member: 236720">Google to Acquire Motorola Mobility     Combination will Supercharge Android, Enhance Competition, and Offer Wonderful User Experiences     MOUNTAIN VIEW, Calif. & LIBERTYVILLE, Ill.–(BUSINESS  WIRE)–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.     “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.”     The acquisition of Motorola Mobility, a dedicated Android partner,  will enable Google to supercharge the Android ecosystem and will enhance  competition in mobile computing. Motorola Mobility will remain a  licensee of Android and Android will remain open. Google will run  Motorola Mobility as a separate business.     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.”     Andy Rubin, Senior Vice President of Mobile at Google, said, “We  expect that this combination will enable us to break new ground for the  Android ecosystem. However, our vision for Android is unchanged and  Google remains firmly committed to Android as an open platform and a  vibrant open source community. We will continue to work with all of our  valued Android partners to develop and distribute innovative  Android-powered devices.”     The transaction is subject to customary closing conditions,  including the receipt of regulatory approvals in the US, the European  Union and other jurisdictions, and the approval of Motorola Mobility’s  stockholders. The transaction is expected to close by the end of 2011 or  early 2012.</blockquote>

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