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Google Closes Acquisition Of Motorola: Woodside To Lead; Page Focuses On Mobile Announcing Deal

Tuesday, May 22, 2012 14:03
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As 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.

source: http://feedproxy.google.com/~r/Techcrunch/~3/Ym2p8LwkCWU/

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