Google seals USD $12.5 Billion Motorola Mobility Deal
By Loh Ving Sung GooglePlus
23 May 2012 – Motorola Mobility is officially a part of Google. After getting the nod from Europe, US and China, Google finally sealed the deal for Motorola’s mobile division. The search giant purchased Motorola for about USD $40 a share or about USD $12.5 billion, marking its biggest acquisition ever.
Motorola Mobility will reportedly remain different business entity and an Android licensee. But Google is claiming that it is more just interested in Motorola’s patents - which it can use to fend off potential patent lawsuit – and says it is buying Motorola to 'supercharge' its Android ecosystem.
There are rumours that Motorola will lay off a number of workers post-merger - CEO Sanjay Jha has already stepped down.
Jha will continue to work with the search giant to help ensure a smooth transition to Google’s Dennis Woodside. In a statement Woodside said that Motorola will focus on 'fewer, bigger bets' and 'create wonderful devices that are used by people around the world'.
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