Google will make acquisition of Motorola Mobility
In the largest wireless equipment deal in at least a decade Google Inc. will acquire Motorola Mobility for $12.5 billion in cash. The deal exponentially increases Google’s patent portfolio and makes the company far more competitive in the mobile phone market. Google currently owns and operates Android, today’s deal is expected to give the smart phone the patents it needs to compete against Apple iPhone. Joining us is John Abell, New York bureau chief for Wired.com.
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