Alphabet acquired Motorola Mobility for $12.5 billion, a transaction completed in May 2012, structured as all cash.
Motorola Mobility operates in Hardware / Mobile, is based in Libertyville, Illinois, USA. Motorola Mobility Holdings was the mobile-devices and home business spun out of Motorola, making Android smartphones, tablets and set-top boxes and holding a large portfolio of wireless patents. Google acquired the public company for $40.00 per share in cash, its largest acquisition at the time, to strengthen the Android ecosystem and bolster its patent position in mobile computing. Google said it would run Motorola Mobility as a separate business and keep Android open to all licensees.
Google acquired Motorola Mobility to supercharge the Android ecosystem, enhance competition in mobile computing and strengthen its mobile patent portfolio, while keeping Android open.
Motorola Mobility (run as a separate business)
The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing.Google Inc., Motorola Mobility closing release, May 2012
Advisory firms were not disclosed for this transaction.