Google Completes Motorola Mobility Acquisition

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Google first announced plans to acquire Motorola Mobility all the way back in August of last year, and the time spent since has seen the company seeking out approval after approval in order to finalize the deal. That’s included everyone from Motorola stockholders, to the European Union, to the United States Department of Justice. Just over this past weekend, China’s Ministry of Commerce gave its nod to the purchase, marking the last obstacle on the road to see this become a done deal. As such, Google and Motorola have now announced that Google’s acquisition effort has closed, and the company’s Dennis Woodside is stepping into the shoes of outgoing Motorola CEO Sanjay Jha.

With Google paying $40 per share, the deal works out to being worth about $12.5 billion. Although Google has worked with smartphone manufacturers in the past for devices like the Nexus series of phones, this deal marks the company’s transition into becoming a hardware manufacturer in its own right.

While there was certainly concern from the smartphone industry that this deal would put other Android manufacturers at a decided disadvantage competitively, Google’s gone to some length to make assurances that it’s not going to be playing any favorites. It’s still very much a rumor, but the claim that we might be seeing a number of Nexus-series devices simultaneously released from multiple companies could be just such a gesture to reassure these manufacturers.

Source: Motorola
Via: BGR

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!