Tuesday, August 16, 2011
Google Inc. boss Larry Page says his company has agreed to pay $12.5 billion for Motorola Mobility, mostly to gain control of patents that would help defend its Android smartphones from rival Apple and its iPhones.
From Wall St. to Silicon Valley, a lot of telecom-watchers are buying that line. “Google’s primary objective is to acquire Motorola’s sizeable patent portfolio,” Raymond James & Assocs. analyst Todd Koffman told clients in a report today.
Read the article here.