google motorola Google closes Motorola Mobility deal

After meeting approval by regulators throughout the world, Google has announced that it has closed its deal to acquire Motorola Mobility, giving it access to a huge portfolio of important mobile phone patents.

After meeting approval by regulators throughout the world, Google has announced that it has closed its deal to acquire Motorola Mobility, giving it access to a huge portfolio of important mobile phone patents.

 
Larry Page, CEO of Google, announced the finalisation of the deal today, which had been held up by months of investigation by various regulators. The European Commission and US Department of Justice approved the buyout in February and Google was given the final green light by Chinese regulators yesterday, on the condition that Android remains free.
 
The $12.5 billion deal gives Google access to 17,000 patents and over 7,500 pending patents. It is widely believed that it was this collection that Google is interested in, as it gives the company huge legal powers, in both protection and prosecution, which could turn the tides in the Apple versus Android war.
 
google motorola Google closes Motorola Mobility deal
 
Sanjay Jha has stepped down as CEO of Motorola Mobility and will be replaced by Dennis Woodside, formerly President of the Americas region at Google. Page credited Woodside as a major player in increasing Google's US revenue from $10.8 billion to $17.5 billion in less than three years, which is a good sign for the now Google-owned Motorola Mobility.
 
Page said that many users going online today “may never use a desktop machine,” highlighting the rise of smartphones and tablet computers as viable alternatives to a PC or laptop for many internet users. Tapping and paying with a mobile phone is another innovation that he considers huge, and clearly Motorola Mobility will play a big factor in that growth for Google.