Motorola Mobility

BREAKING: Google Buys Motorola for $12.5 Billion

Google has purchased Motorola Mobility, a company that makes many of the phones its Android operating system runs on, for $12.5 billion — a 63% premium on its current share price.

The acquisition, Google said in a a statement, “will enable Google to supercharge the Android ecosystem.” The company will continue to be run as a separate business.

Buying a hardware company is an unusual move for Google.

More to come… follow this post for updates via Mashable.