Google is in the process of acquiring Motorola Mobility for $12.5-billion, making it “a ‘dedicated Android partner’ to ‘supercharge the Android ecosystem’ and ‘enhance competition in mobile computing.'” Click here for pictures of Google’s new Los Angeles office “in the Binoculars Building, designed by famed architect Frank Gehry.” Continue reading for a video news reports.
The deal will cost Google $40 per share at a cost that works out to to about $40 billion. That’s a 63% premium on the street price over Motorola Mobility share prices at the close of last week. The transaction has been approved by the board at Google and at Motorola.