Tuesday, May 22, 2012

Google Closes Acquisition Of Motorola: Woodside To Lead; Page Pushes Mobile Aspect

breaking-google-buys-motorola-for-12-5-billionAs we reported would happen yesterday, Google has today announced that it has closed its acquisition of Motorola Mobility, buying the Illinois-based device maker for $40 per share in cash for a total of $12.5 billion. As widely expected, Sanjay Jha is stepping down as CEO and Dennis Woodside, Google's former Americas head, will take the helm at Motorola Mobility, which will be operated as a standalone company. The company says the acquisition will help Google "supercharge" the Android ecosystem: while Motorola will be making devices using the platform, it will also remain open. Page, interestingly, uses his blog post announcing the deal to focus mainly on the mobile aspects of the acquisition -- Motorola also has a substantial business as a media hardware vendor, making things like set-top boxes and other equipment and technology to deliver digital video services.

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