Tuesday, May 22, 2012

Google Closes Acquisition Of Motorola Mobility Names New Motorola Mobility CEO

Google is confirming today that they have closed the $12.5 Billion Acquisition of Motorola Mobility.

In a blog post released this morning Google CEO Larry Page writes:
The phones in our pockets have become supercomputers that are changing the way we live. It’s now possible to do things we used to think were magic, or only possible on Star Trek--like get directions right from where we are standing; watch a video on YouTube; or take a picture and share the moment instantly with friends.
It’s why I’m excited to announce today that our Motorola Mobility deal has closed. Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone. We all remember Motorola’s StarTAC, which at the time seemed tiny and showed the real potential of these devices. And as a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google.
Sanjay Jha will be stepping down from his current post as CEO of Motorola Mobility; Dennis Woodside, currently a senior vice president with Google, will take over the CEO post for the newly acquired company.

Woodside has promised "fewer, bigger bets" meaning a simpler strategy: Fewer but bigger phone launches for Motorola Mobility, which will be an independent subsidiary of Google.

For more information read the Motorola Press Release.

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