After numerous rumors and the hurdles that needed to be leapt through, Google has finally completed the acquisition of Motorola Mobility for an estimated US$12.5billion. After approval came in from China, one of Motorola’s bigger markets, the phone maker will stop trading on the NYSE effective immediately. Motorola Mobility will continue to operate as a separate business entity as a lichensee of Android, but Google claims that the purchase will help “supercharge” its mobile ecosystem. As part of the deal, Sanjay Jha will step down as CEO and be replaced by Google’s Dennis Woodside.
Larry Page had this to say:
“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.”
So what does this mean for the future? What will the state of the Nexus series be after being taken under the Motorola Mobility banner? Will we see a Razr Nexus in the near future? Your guess is as good as mine.
(Source: Google)
