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  (Image: Reuters/Rick Wilking/Files)
  A man walks by a video display at the Motorola booth on the second day of the Consumer Electronics Show (CES) in Las Vegas January 7, 2011.

In a statement posted on its website and also made through a conference call, Google announced that it would be buying Motorola Mobility for $40.00 a share or $12.5 billion in cash.

Google has become grander with Motorola Mobility, which will allow "Google to supercharge the Android ecosystem and will enhance competition in mobile computing," says its website.

However, this transaction could also imply innovation for Google in other areas beyond Android.

"Motorola is also a market leader in the home devices and video solutions business. With the transition to Internet Protocol, we are excited to work together with Motorola and the industry to support our partners and cooperate with them to accelerate innovation in this space," reads a post on the Googleblog.

PCWorld enlisted some products that could arise from this merger including Google Voice home phones, Google GPS, Google remote access software, and an improved Google TV.

Google seems to be envisioning expansion from computer to handheld, to TV, and finally to all household appliances one day.

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CEO Larry Page believes that Motorola Mobility "is a natural fit for both companies" and said that the new partnership would benefit consumers, partners, and developers.

Google said that Motorola Mobility would be run separately and that the acquisition wouldn't change Google's commitment to run Android as an open platform.