Google Closes $12.5B Motorola Deal
Google (Nasdaq: GOOG) completed its US$12.5 billion acquisition of Motorola Mobility LLC on Tuesday, and among the first big changes is that Motorola Mobility CEO Sanjay Jha has stepped down from his position.
Dennis Woodside, who has overseen the integration planning for the acquisition and has served as Google's president of the Americas region, has been named CEO of the Motorola unit. Jha will be staying on for a bit to help with the transition.
Woodside has also hired several execs to join the Motorola leadership, including Dan Moloney, who will continue to lead Motorola's Home business, which includes its set-tops, cable modems and cable access gear.
Why this matters
Google, which bought Motorola to shore up its mobile patent holdings, said the acquisition will help it "supercharge the Android ecosystem and will enhance competition in mobile computing."
The big question going forward is what Google will end up doing with Motorola's cable business, which isn't viewed as a perfect fit, sparking speculation that Google may try to sell it.
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— Jeff Baumgartner, Site Editor, Light Reading Cable