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Google to buy Motorola Mobility for £7.6bn
Google Inc said it will buy Motorola Mobility Holdings for about $12.5bn (£7.6bn) in cash.
The Mobility business includes Motorola’s smartphones and analysts are seeing the move as part of Google’s plans to take on Apple in the lucrative market.
The $40 a share offer is at a 63 per cent premium to Motorola Mobility’s Friday close on the New York Stock Exchange.