Google CEO Larry Page today announced that his company has successfully completed its acquisition of Motorola Mobility for $12.5 billion. The acquisition of Motorola Mobility will enable Google to “supercharge the Android ecosystem” and strengthen its ties between software and hardware. Sanjay Jha has agreed to step down from his CEO post at Motorola Mobility and will be replaced by longtime Google executive Dennis Woodside.
I’m excited to announce today that our Motorola Mobility deal has closed. 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.
Larry Page is confident that Woodside and the team at Motorola will be able to create the next generation of mobile devices that help to improve people’s lives for several years. Google also gains a rather large patent portfolio from Motorola Mobility in its acquisition of the handset maker, which will help defend its Android mobile operating system against patent infringement litigation from competitors such as Apple and Microsoft.