Google Inc (GOOG.O) said it will purchase Motorola Mobility Holdings Inc (MMI.N) for about $12.5 billion in cash in a move to bolster the adoption of its Android mobile phone software. Google said it would pay $40 per share, a 63 percent premium to Motorola Mobility's Friday close on the New York Stock Exchange. Motorola Mobility shares jumped 59 percent in premarket trade on Monday. Google, maker of the Android mobile phone operating system software, has been forging ahead in the smartphone market but has been hampered by a lack of intellectual property in wireless telephony. Earlier this month, fresh from losing a bid to buy thousands of patents from bankrupt Nortel (NRTLQ.PK), Google Chief Legal Officer David Drummond blasted Microsoft (MSFT.O), Apple (AAPL.O), Oracle (ORCL.O) and "other companies," accusing them of colluding to hamper the increasingly popular Android software by buying up patents.
Google Inc. (Google) is focused on improving the ways people connect with information. Shares of GOOG remained unchanged at $563.77. In the past year, the shares have traded as low as $447.65 and as high as $642.96. On average, 3353060 shares of GOOG exchange hands on a given day and today's volume is recorded at 117351.
Motorola Mobility Holdings, Inc. is a provider of technologies, products and services that enable a range of mobile and wireline digital communication, information and entertainment experiences. Shares of MMI remained unchanged at $24.47. In the past year, the shares have traded as low as $20.77 and as high as $36.54. On average, 4288420 shares of MMI exchange hands on a given day and today's volume is recorded at 2290644.
Microsoft Corporation, incorporated in 1981, is engaged in developing, licensing and supporting a range of software products and services. Shares of MSFT remained unchanged at $25.10. In the past year, the shares have traded as low as $23.32 and as high as $29.46. On average, 65778600 shares of MSFT exchange hands on a given day and today's volume is recorded at 124484.
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL remained unchanged at $376.99. In the past year, the shares have traded as low as $235.56 and as high as $404.50. On average, 17957500 shares of AAPL exchange hands on a given day and today's volume is recorded at 106638.
Oracle Corporation, incorporated in 2005, is an enterprise software company. Shares of ORCL remained unchanged at $27.39. In the past year, the shares have traded as low as $21.66 and as high as $36.50. On average, 33514500 shares of ORCL exchange hands on a given day and today's volume is recorded at 1000.
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