Google to buy Motorola Mobility for $12.5bn

Internet giant Google has announced a deal to buy Motorola Mobility for $12.5bn (£7.7bn).

A joint statement said the boards of both companies had unanimously approved the deal, which should be completed by the end of this year, or early in 2012.

Earlier this year, Motorola split into two separate companies.

Mobility develops and manufactures mobile phones, while Motorola Solutions covers wider technologies for corporate customers and governments.
Shares in Motorola Mobility jumped

Google to buy Motorola Mobility for $12.5bn