Economy/Business News Alert: Google to buy Motorola Mobility for $12.5 billion in cash

Monday, August 15, 2011

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Economy/Business News Alert: Google to buy Motorola Mobility for $12.5 billion in cash
August 15, 2011 7:54:24 AM
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Google is buying cell phone maker Motorola Mobility for $12.5 billion in cash in what is by far the company's biggest acquisition to date.

Google Inc. will pay $40.00 per share, a 63 percent premium to Motorola's closing price on Friday.

The companies say the deal has been approved by the boards of both.


http://link.email.washingtonpost.com/r/F490YD/RNGHKU/GJBHWQ/4NQJ63/YFH7C/RF/h

For more information, visit PostBusiness.com

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