Google officially acquires Motorola Mobility for US$12.5 billion

by asia.cnet.com

 

Image representing Google as depicted in Crunc...

After waiting months for the go-ahead to say so, Google CEO Larry Page today announced that his company now officially owns Motorola Mobility.

 

Google announced plans to acquire Motorola Mobility for $12.5 billion in August. Upon doing so, the companies had to clear regulatory hurdles to get the deal done. Regulators in both the U.S. and the European Union approved the acquisition back in February, but the companies were forced to wait for China. Over the weekend, China approved the deal, paving the way for Google to close it.

 

As part of the acquisition, Page announced today that Motorola Mobility chief Sanjay Jha has stepped down from his post. In his place, Google has named “long-time Googler” Dennis Woodside to be the mobile firm’s new chief executive.

 

“I’ve known Dennis for nearly a decade, and he’s been phenomenal at building teams and delivering on some of Google’s biggest bets,” Page wrote in the blog post. “One of his first jobs at Google was to put on his backpack and build our businesses across the Middle East, Africa, Eastern Europe and Russia. More recently he helped increase our revenue in the U.S. from US$10.8 billion to US$17.5 billion in under three years as President of the Americas region.”

 

It has been widely believed that the main reason Google acquired Motorola Mobility was for its patents. The search company and its vendor partners are currently waging legal battles around the world with a host of companies over claims that Android violates patents. Motorola Mobility holds thousands of patents and patent applications that could come in handy for any future legal proceedings.

 

Read more…

SO HOW DO YOU GET A MORE AFFORDABLE PHONE? : Get your new phones and phone upgrades at lower prices from us (We offer all networks except AT&T)! Just call us 866-814-9771 with RIN code L509533 to claim your discount on your new line or upgrade!

START EARNING MONEY EVERY TIME YOU PAY YOUR CELLPHONE BILLS: Join the program now! Let’s help you get started, call (626) 209-0371 and set up a phone appointment!

 

Advertisements

About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

2 responses to “Google officially acquires Motorola Mobility for US$12.5 billion

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: