This morning in a blog post Google CEO Larry Page said that the search giant had reached an agreement to acquire cellphone maker and electronics company Motorola for "a total of about $12.5 billion" or $40 per share in cash. Page believes that the partnership between the two companies will "create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers everywhere."
Page went on to say that the U.S. Department of Justice needed to intervene in a recent patent auction to 'prevent competition and innovation in the open source software community.'" Sounds like someone is looking for some anti-trust action against one of its competitors... He also said that the acquisition of Motorola will strengthen Google's patent portfolio, allowing them to "protect Android from anti-competitive threats from Microsoft, Apple and other companies."
"The combination of Google and Motorola will not only supercharge Android, but will also enhance competition and offer consumers accelerating innovation, greater choice, and wonderful user experiences," Page added.