Google To Purchase Motorola
Google in their biggest deal ever proposes to purchase Motorola Mobility for $12.5 Billion. Google is paying a massive 63 percent premium to gain access to one of the mobile phone industry’s largest patent libraries. The company had been under pressure to build a patent portfolio after losing out to Apple, Microsoft Corp and others in a recent auction of bankrupt Nortel’s assets, this will give Google a huge boost in their patent portfolio.
It still remains a challenge with the FTC and potential Anti-Trust issues. So we will have to keep an eye on this one, and for sure this will be big news for some time to come. (See Video)