Finally, one of the most controversial acquisition made by Google has been sealed. Google has officially acquired Motorola Mobility Holdings with the deal being sealed via Google paying $40.00 per share in cash. With that Google now has a major mechanism to compete in the mobile computing industry, particularly in the hardware part of it.
The deal also entails that Motorola Mobility will remain to be a licensee of Android and Android of course will still remain open despite the fact that Motorola Mobility will be competing against other manufacturers. All said, Google will run Motorola Mobility as a separate business.
Other details of the acquisition that all of us ought to know include; former Motorola CEO Sanjhay Jha is stepping down but will continue to work with Google during the transition period. Taking Mr. Jha’s position is Dennis Woodside who was the one who oversee the integration planning for the acquisition. Mr. Woodside also served as President of Google America’s region. Mr. Woodside also inherits the big tasks of trying to revive Motorola’s presence in the mobile computing world.
Google CEO Larry Page is all but happy with the acquisition of Motorola Mobility and has the following words to say about such acquisition;
“I’m happy to announce the deal has closed. Motorola is a great American tech company, with a track record of over 80 years of innovation. It’s a great time to be in the mobile business, and I’m confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.”
Via [The Official Google Blog]