Google to Buy Motorola Mobility for $12.5 Billion to Rival Apple – BusinessWeek

Both boards have approved the takeover. Larry Page, Google’s co-founder who took over as chief executive officer in April, is transforming Google into a smartphone maker to take on Apple Inc.’s iPhone and gain more clout in the wireless business.

Source:Google to Buy Motorola Mobility for $12.5 Billion to Rival Apple – BusinessWeek

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