Motorola Mobility (NYSE:MMI) saw its stock skyrocket 56.89 percent, from a previous close of $24.47 to $38.39. Google agreed to purchase the company for $40 a share, or $12.5 billion. Motorola has approximately $3 billion cash in hand, putting the total cost of the deal at $9.5 billion for Google.

The decision had impacts all across the market, but notably in the technology sector.

Nokia Ojy (NYSE:NOK) and Research in Motion (NYSE:RIMM) both saw their stocks take a jump in the positive direction, after languishing during recent weeks. Nokia jumped up 13.43 percent and RIM by 4.56 percent, as speculation began that both companies could be acquisition targets. Read More