Google's Motorola Buy Is Official Now

By Leslie Horn on at

Google chief Larry Page has announced that the company's $12.5 (£8) billion acquisition of Motorola Mobility is finally official.

Page confirmed that Sanjay Jha has stepped down as Motorola CEO, as had been expected, and has handed the reins to Google's Dennis Woodside. The Motorola buy was made presumably for its intellectual property, which amounts to 17,000 patents. There are rumours that the hardware business will be sold, perhaps to China's Huawei.

That said, Google hasn't made any definitive statements about its plans, but let's hope this nab doesn't mean it's going to try to be everything all at once. [Google]