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Google Completes Acquisition of Motorola Mobility

Posted on the 23 May 2012 by Yogeshvashist98 @YogeshVashist98

According to the details of the agreement, Google paid U.S $40 in cash for each share of Motorola Mobility. In a blog announcement, President and CEO of Google, Larry Page, said that Motorola had relied very early on the mobile operating system Android. ”This made ​​for a partner for Google,” he said. M.Page also said that Sanjay Jha had resigned as president and CEO of Motorola Mobility. He was replaced by Dennis Woodside. During his career nearly 10 years at Google, Mr. Woodside had the task of building the business of the company in the Middle East, Africa, Eastern Europe and Russia.”More recently, he contributed, in less than three years, to drive up our annual revenues of $ 10.8 billion to $ 17.5 billion in the United States as President of the Americas,” said Larry Page told. Motorola Mobility will be managed as a separate entity from Google.

Motorola Mobility

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