In the company’s largest acquisition to date, search giant Google has agreed to buy mobile-device manufacturer Motorola Mobility for $12.5 billion in cash.
Motorola shareholders will receive $40 per share in cash, a 63 percent premium to the company’s Aug. 12 closing price. The value trumps Google’s 2008 purchase of online advertising company DoubleClick for $3.2 billion. It is also more than the $9.1 billion that Google has spent combined to buy 136 companies since it went public in 2004.
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