After a long wait the deal is finally done, Google has completed the acquisition of cellphone maker Motorola Mobility for an all-cash deal.
Google’s CEO Larry Page, made an official announcement on their blog that the deal was finally closed and for a whopping sum of around $12.5 Billion dollar, it is the biggest deal in Google’s history of 14 years. As part of the acquisition, Motorola Mobility chief Sanjay Jha has stepped down from his post. In his place, Google Dennis Woodside to be the mobile firm’s new chief executive.
The main reason Google acquired Motorola Mobility was for its patents. Motorola Mobility has around 17,000 mobile patents. Google is fighting many legal cases around the world over Android patents. Motorola Mobility holds thousands of patents and patent applications that would help in future legal proceedings.
As Dennis Woodside reigns the throne fresh blood will come in and will definitely bring in great changes and innovations. We could hope Motorola on the new line of success.