Google to Acquire Motorola Mobility for $40 per Share

Google Inc. (NASDAQ:

) and Motorola Mobility Holdings, Inc. (NYSE:

) 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.