Google has finally completed its much-scrutinised purchase of US equipment vendor Motorola Mobility for US$ 12.5bn.
Writing on the company blog, CEO Larry Page commented: “Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone. We all remember Motorola’s StarTAC, which at the time seemed tiny and showed the real potential of these devices. And as a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google.”
Motorola Mobility’s CEO Sanjay Jha will be stepping down to make way for long-time Googler Dennis Woodside, as reported by The New York Post back in March. Larry Page describes Ironman triathlete Mr. Woodside as being “phenomenal at building teams and delivering on some of Google’s biggest bets”.
The Google chief signs off by stating: “It’s a well known fact that people tend to overestimate the impact technology will have in the short term, but underestimate its significance in the longer term. Many users coming online today may never use a desktop machine, and the impact of that transition will be profound—as will the ability to just tap and pay with your phone.
“That’s why it’s a great time to be in the mobile business, and why I’m confident Dennis and the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.”
The deal cleared its final hurdle earlier this week in China (details here). Its completion caps a turbulent 18 months for Motorola Mobility which has seen its spin-off as an independent company from Motorola Solutions in January of last year, and the launch of some major new products, including its Medios Xperience cloud platform.