On August 15, 2012, Google announced an agreement to acquire Motorola Mobility, based in Libertyville, Illinois, for $40 per share. Both boards of directors approved the deal (Google).

Describe why this was or was not a good economic decision for Google. Please incorporate what you have learned in Chapters 5 and 6 into your post. Defend your position.

Reference:

Google. (n.d.). Facts about Google's acquisition of MotorolaLinks to an external site.

Baye, R., & Prince, T. (2022). Managerial Economics & Business Strategy (10th ed.) [McGraw Hill]. McGraw Hill LLC.