Google CEO Larry Page has revealed the firm's much anticipated $12.5 billion acquisition of Motorola Mobility has been completed a whole nine months after the move was announced.
As expected, Motorola CEO Sanjay Iha has immediately stepped down from his post, with Google SVP Dennis Woodside taking up the position in response.
Arm's length
Included as part of the deal is a significant portfolio of patents that Google will add to its now sizeable stores.
Just what motivated the deal, however whether a move for the firm's patent library, or an intention to control Android's hardware through its new subsidiary remains unclear.
Back in October 2011, senior Google VP Andy Rubin promised that a Google-owned Motorola would be run "at arm's length."
Nevertheless, commentators have been quick to question whether the installation of Woodside as the manufacturer's CEO suggests this strategy may has been revised.
Turning the Page
"As a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google," said Page of the deal.
"Sanjay Jha, who was responsible for building the company and placing that big bet on Android, has stepped down as CEO.
"I would like to thank him for his efforts and am tremendously pleased that he will be working to ensure a smooth transition as long-time Googler Dennis Woodside takes over as CEO of Motorola Mobility."
[source: Google]
News
Related Articles
Top Stories
News
7 hours, 51 minutes ago
Scopely is celebrating Monopoly GO!'s first birthday with in-game events and rewards
News
9 hours, 55 minutes ago
Learn about the state of play in MENA and the changing payments landscape at the Dubai GameExpo Summit
News
11 hours, 55 minutes ago
MAG Interactive revenue falls by 25% Y/Y as it places “big bet” on new crossword game Crozzle
News
Apr 17th, 2024
Monopoly GO! celebrates its first birthday and shares its behind-the-scenes story
Feature
Apr 15th, 2024
46 top mobile games in soft launch: CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, Candy Crush Blast, and more
Feature
Apr 15th, 2024
Hot Five: XCOM Legends’ rumoured shutdown, Squad Busters verges on soft launch, and Royal Match reaches $3 billion
Events
HIT Games Conference Istanbul 2024 | Apr 18th | |
Game Job Fair – Spring Edition 2024 | Nordic | Apr 18th |
Arts DAO Fest 2.0 | Middle East | Apr 20th |
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |