Google to buy phone-maker Motorola Mobility for $12.5B

August 15, 2011 at 5:20 am in The Daily Republic

MOUNTAIN VIEW, Calif. (AP) – Google Inc. is buying cell phone maker Motorola Mobility Holdings Inc. for $12.5 billion in cash. It’s by far Google’s biggest acquisition and a sign the online search leader is serious about expanding beyond its core Internet business and setting the agenda in the fast-growing mobile market.
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