Google has finally and officially acquired Motorola Mobility.
Though news of the acquisition broke last August, the deal had to clear regulatory hurdles in various countries. Late last week, Google cleared the last in China.
With the acquisition final, Motorola Mobility CEO Sanjay Jha has stepped down, enabling Google’s Dennis Woodside to take his place.
That being said, it’s unclear what Google plans to do with the acquisition. Google reps have claimed they will keep the businesses apart and will not favor Motorola over Google’s other hardware partners, like HTC and Samsung. To that end, past rumors have Google possibly selling the smartphone brand of Motorola to Huawei.
Speculation aside, Google CEO Larry Page announced the acquisition and has stated that the future will present great things for the company and for the market.
“That’s why it’s a great time to be in the mobile business, and why I’m confident Dennis and the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come,” Page said.
Source: Google Blog