Months in the making -- the deal is finally done. Motorola Mobility is officially part of Google. After receiving blessings from Europe, the US and China, the Internet giant has put the finishing touches on its purchase of Moto's mobile division. Though the corporate marriage faced plenty of obstacles, Big G was able to put the manufacturer on its ledger for the price of $40 per share, or about $12.5 billion. As it stands, Motorola Mobility will continue to operate as a separate business entity and as a licensee of Android, but Mountain View is still claiming the purchase will allow it to "supercharge" its mobile ecosystem. The future of the new subsidiary's employees is a different matter, however. Rumors have been swirling for the last week or so that there could be significant layoffs at Moto following the merger, which would further enforce the perception that Google is more interested in the company's patents than in entering the hardware business. Of course, whether or not we'll see layoffs or perhaps a Moto-branded Nexus is still a mystery. For a bit more on Google's victory lap, check out the PR after the break.
Update: Google has also settled on a replacement for Sanjay Jha as CEO of Motorola Mobility, Dennis Woodside. Woodside is a longtime Googler who got his start in sales, building out business in Africa, Eastern Europe and Russia, before becoming President of the Americas sales operation.
Continue reading Google officially closes deal for Motorola Mobility
Google officially closes deal for Motorola Mobility originally appeared on Engadget on Tue, 22 May 2012 09:03:00 EDT. Please see our terms for use of feeds.
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