Of course the big news on Wall Street and in the book world on Monday was the Google/Motorola deal the news of which splashed sunshine on a recently beleaguered public market. In case you missed the bones of the deal, here’s the skinny from IDG:
Google has announced that it plans to buy Motorola Mobility for $12.5bn, subject to regulatory approval.All over the blogosphere and the media, pundits are positing about what this deal might mean to various aspects of the industry. The Guardian’s technology blog gathers some links and quotes to help making parsing the whole thing a little more straight-forward. That’s here.
Google has offered about $40 per share in cash, a premium of 63 percent over the closing price of Motorola Mobility shares on Friday.
Motorola Mobility exclusively ships phones and its Xoom tablet with Google's Android operating system. The deal will mean that Google now has a hardware manufacturer to work with closely to develop Android, said Carolina Milanesi, research vice president at Gartner.