Google has finally tried to solve the ever-increasing patent problem by deciding to buy-out Motorola. The announcement came today and the search engine giant will finally enter the hardware business by spending $12.5 billion.
Google has announced Android will remain open to everyone, and Motorola will work as a separate entity and will be a license to Android same as other manufacturers.
Deal Details:
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.
More details and thoughts coming on the deal.
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Great news. Hope we will get updates on time from at least one manufacturer from now on.
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If this is true, this is great news for most Motorola owners.