Google To Spend Billions In New Buy

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News Americas, LOS ANGELES, CA, Tues. Aug. 16, 2011: Digital media giant Google is set to spend$12.5 billion in a new purchase.

The cash soaked company announced a deal Monday to acquire phone maker Motorola Mobility. The move, according to Google, will allow them to “supercharge” the company’s Android operating system.

The deal will give Google an intellectual property library in wireless telephony to wage war on Apple and Microsoft.

The California-based company said the deal would close by the end of 2011 or early in 2012 but requires regulatory approvals in the United States, European Union and other areas, as well as the blessing of Motorola Mobility’s shareholders.