Monday, August 15, 2011

Google Agrees To Buy Motorola Mobility For $12.5 Billion

--A purchase of Motorola Mobility would give Google its own handset maker and some key patent protection --Deal raises question about impact to other Android makers --Google says it wants to keep Android as an open platform (Updates throughout with additional context and executive quotes.) NEW YORK -( Dow Jones )- Google Inc. (GOOG) agreed to acquire Motorola Mobility Holdings Inc. (MMI) for about $12.5 billion, a deal that spells the end of independence for a venerable American company and reshapes the booming market for smartphones as computing shifts from the desktop to mobile devices. Continue reading

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