Google to buy Motorola Mobility for $12.5bn

SAN FRANCISCO: Google Inc, the biggest maker of smartphone software, agreed to buy Motorola Mobility Holdings Inc for $12.5 billion in its largest acquisition, gaining mobile patents and expanding in the hardware business. Motorola shareholders will get $40 a share in cash, the companies said in a statement. That’s 63 per cent more than Motorola Mobility’s closing price on […]