The technology giant’s new corporate models could change the business model of Google as it seeks to become a more dominant player in the mobile phone market.
Google’s stock price surged more than 10 percent Thursday after it announced that it had agreed to pay $1.4 billion to buy Motorola Mobility, a smartphone maker that has struggled to find a buyer in the past.
The deal was announced at a time when Motorola’s board of directors was meeting in a New York hotel to discuss the company’s finances.
The deal would be the largest deal in Google’s history and give the company more clout in mobile devices than it has ever had.
The company is still struggling to gain traction in the market for smartphones, which have been dominated by Apple and Samsung.
The $1 billion price tag for Motorola is the largest in Google history and will be the companys largest acquisition since the acquisition of Motorola Mobility in 2006.
The Google deal would also give the technology giant more leverage in its mobile efforts and create a more powerful competitor to Apple and Apple’s rivals.
The new deal also gives Motorola more clout as it expands into other areas of the industry.
Motorola has long been a leader in smartphones, but it has struggled in recent years.
Its Droid RAZR smartphone, which is among the top-selling smartphones in the U.S., was pulled off the market by Apple in 2014.
The company has struggled with growing costs and declining sales.
It has also struggled to capture customers and to build the type of loyal consumer following that Apple enjoys.
Google has long sought to expand into the smartphone space, but its strategy has been to focus on Android devices.
Motorola is expected to make a number of investments in new mobile devices in coming years, including a new smartphone with a larger display, a more premium device with a fingerprint sensor and a smaller smartphone with the same screen size.