By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Google just announced that it is acquiring Motorola Mobility . The search and online advertising company is buying the company for approximately $12.5 billion (or $40 per share), in cash. The price represents a premium of 63 percent to the closing price of Motorola Mobility shares last Friday. Google had about $39 billion in cash at last count.iPhone 5 Release Date