Google has acquired Motorola Mobility, a company with a whole lot of valuable patents. But of the 17,000 patents, Google especially prizes 18, according to a new report.
Android smartphones and their users can thank Google for splashing out $12.5 billion to buy Motorola Mobility along with all the patents they hold. The purchase will be Google's largest.
Google, Time Warner Cable, Cargill, and Transocean announced purchases, which drove stocks up. The Dow closed up 213 points, the S&P 500 rose 25 points, and the Nasdaq gained 47.
Google makes its biggest acquisition yet, spending $12.5 billion on Motorola Mobility. But did Google want the phone manufacturer or its patents?
Stock market news is improving since last Monday's plunge. A few companies announced acquisitions to start off this week's stock market news.