Earlier this week Google announced they had made an offer to purchase Motorola for 12.5 Billion with a guarantee that if the deal didn’t go through Google would pay Motorola a massive $2.5 Billion break up fee. Well today Google has now drawn a line in the sand and set a date for the deals completion of February 15th 2013.
Google’s CEO Larry Page had the following to say about the deal,
“Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers.”
Source: All Things D