Google To Buy Motorola Mobility For $12.5 Billion

Looks like that new android phone I bought will soon be property of google.  So will this put Google on the same level as Apple?

Google Inc. (GOOG) agreed to acquire Motorola Mobility Holdings Inc. (MMI) for about $12.5 billion, a move that would make Google more competitive in the mobile-computing market.

The deal, which comes just eight months after the split of Motorola Inc., would give Google control of Motorola Mobility's attractive patent portfolio after the Internet giant recently missed out on a bid for Nortel Networks Corp.'s (NRTLQ) portfolio. Google, which owns the fast-growing Android operating system used in millions of mobile phones, has a thin portfolio of wireless and telecommunications patents. 

"They" seem to think so.

Related Web URL: http://online.wsj.com/article/BT-CO-20110815-70643...