Google to acquire Motorola Mobility for $12.5 billion.:Live Conference Call

Listn Here the Conference Call

Press Release :

Google to Acquire Motorola Mobility

Combination will Supercharge Android, Enhance Competition, and Offer Wonderful User Experiences

MOUNTAIN VIEW, CA and LIBERTYVILLE, IL – AUGUST 15, 2011 – Google Inc. (NASDAQ: GOOG) and Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced that they have entered into a definitive agreement under which 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.

The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.

Larry Page​, CEO of Google, said, “Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.”

Sanjay Jha, CEO of Motorola Mobility, said, “This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.”

Andy Rubin​, Senior Vice President of Mobile at Google, said, “We expect that this combination will enable us to break new ground for the Android ecosystem. However, our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.”

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US, the European Union and other jurisdictions, and the approval of Motorola Mobility’s stockholders. The transaction is expected to close by the end of 2011 or early 2012.

Motorola Droid Bionic Possibly AT&T Bound

The buzz surrounding the upcoming Motorola Droid Bionic got a little more intense Monday when speculation rose that it might not only be headed to Verizon Wireless, but also AT&T.

If true, it could be one of the first 4G smartphones available on AT&T’s fledgling LTE network, scheduled to make its debut in five markets this summer, and expanding to 10 more by the end of the year. Until now, Verizon Wireless has been the only U.S. network associated with the Bionic, but what appears to be a leaked, internal company document – in the form of a company screenshot, published first by IntoMobile – would indicate that the phone could also become available through AT&T.

Motorola Droid 3: Finally its here

"After a series of leaks it finally on verizon website for sale  "

The Droid 3 is a Gingerbread handset, boasting a five-row QWERTY keyboard and rocking a 1GHz dual-core TI OMAP chip.

It packs a 4-inch qHD 960x540 display and has 16GB of onboard storage - which is handy because you'll be eating up plenty of space by storing the 1080p videos that it is capable of recording. It also has an 8-megapixel camera for stills, with auto-focus and face recognition and a front facing cam for video calling.

Connectivity on the Verizon version is All–Digital, 800/1900, CDMA EVDO rev A and GSM 850/900/1800/1900 UMTS, Wi-Fi, DLNA and Bluetooth 2.1 and it has a 1540mAH Li–Ion battery.

Verizon is selling the Motorola Droid 3 for $459.99 on a rolling monthly deal, $199.99 on a 2-year contract. No word as of yet with regards to a UK release - we'll keep you updated though.