A couple of days ago, Martino was saying that Google’s Motorola takeover deal was - some 10 months after the initial announcement – finally hitting the home straight.
Now, the $12.5 billion deal has officially been sealed, just a few days after China gave its approval.
Of course, there are all sorts of quotes explaining how this is a marriage made in heaven and that Motorola is the best manufacturer in the universe ever. Ok, slight exaggeration. But only slight.
“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,” roars Google’s CEO, Larry Page, on the company’s Official Blog.
“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.”
Interestingly, the outspoken Sanjay Jha will step down as CEO of Motorola. He’ll be replaced by some guy called Dennis Woodside. Page assures us Dennis has being doing all sorts of great things for Google over the past few years.
As for Motorola's game plan, Woodside states: "Our aim is simple: to focus Motorola Mobility’s remarkable talent on fewer, bigger bets, and create wonderful devices that are used by people around the world.”
Larry P concludes: “It’s a great time to be in the mobile business, and 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.”