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Monday, August 15, 2011

Google To Acquire Wireless Phone Maker Motorola Mobility For $12.5 Billion

Deal is by far the Web search giant’s biggest acquisition to date

Google Inc. said Monday it is buying cell phone maker Motorola Mobility Holdings Inc. for $12.5 billion in cash.

The deal is by far Google's biggest acquisition to date and a sign the online search leader is serious about expanding beyond its core Internet business.

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