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Google to buy Motorola Mobility for $12.5 billion

By Reuters
Monday, August 15, 2011 8:06 EDT
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BANGALORE (Reuters) – Google Inc said it will buy Motorola Mobility Holdings Inc for about $12.5 billion in cash.

The $40 a share offer is at a 63 percent premium to Motorola Mobility’s Friday close on the New York Stock Exchange.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty)

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