Yes, it's true. Google is acquiring Motorola Mobility for $12.5 billion. Both boards have unanimously approved the decision. This move was likely made because of Motorola’s massive patent portfolio. Google now looks to “supercharge” the Android operating system and enhance competition.
(conference ID: 92149124). The call will also be webcast live athttp://investor.shareholder.com/media/eventdetail.cfm?eventid=101369&CompanyID=ABEA-3VZHGF&e=1&mediaKey=A21887C59EBAAC12F1BCF4D43C080953. The webcast version of the conference call will be available through the same link following the conference call.
They are probably optimistic about this since it will help them with their legal battles against Microsoft and Apple.
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So overall, I think this a really good move by Google and it should help Android a lot, especially with those pesky lawsuits.
Sources: DroidLife, Fortune