Photo: Motorola Solutions
Good morning! The huge news everyone’s talking about is Google buying Motorola Mobility for $12.5 billion.Here’s what you need to know:
- Google bought Motorola mostly to buy patents and protect the Android ecosystem from Apple and Microsoft. Here’s how Google explained the acquisition →
- Google could also do cool stuff around Google TV with Motorola’s set-top box and home video business.
- It’s just a huge, headache-heavy deal: 19,000 new employees, hardware factories, a crappy commodity business, a huge breakup fee, potentially massive layoffs… Here’s everything Google just bought →
- In other words, it could be a disaster.
- (But hey, corporate raider Carl Icahn made $415 million from the deal, so it’s all good.)
In other news…
- Apple will release its next iPad in the Spring of 2012, not November as some people think, the latest report says.
- Foursquare introduced Lists, its latest big feature, which lets people plan future check-ins and share trips.
- Tiger Global, the big hedge fund that often makes tech-related bets, has an enormous $2 billion stake in Yandex, the “Google of Russia.” (And JP Morgan says the Russian Internet is a screaming buy.)
- Facebook billionaire Peter Thiel is going to make even bigger tech bets, thanks to his Clarium Capital hedge fund.
- BONUS: The ugliest tablet OS we’ve seen.