Google surprised many last August when it purchased Motorola Mobility, but a few days after China approved the deal, today the deal has been officially completed. Google acquired Motorola Mobility for $40.00 per share in cash, but has still yet to announce its future plans for the business.
Its been rumoured that Google may have been simply interested in the patents held by Motorola. However the company did explained in the press release today:
“The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.”
Sanjay Jha, who revived Motorola’s Mobile Devices business and led the company through the acquisition, has stepped down as CEO. However he will continue to work with Google to help ensure a smooth transition over the coming months, say Google.
Source: BGRFiled Under: Technology News, Top News