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.           




 