With China giving their approval of Google’s acquisition of Motorola over the weekend, both companies said it would be a matter of days before they closed. It took two, as they finalized the deal this morning.
Google made sure to mention that Motorola will remain a separate company and that they will license Android, which will remain open. They also noted that Sanjay Jha will step down as CEO of Motorola and that Dennis Woodside, a senior VP at Google, will take his place as the new CEO of Motorola. This move was rumored all the way back in February. Jha will help as he can to ensure a smooth transition. For those concerned about Jha, know that he made $47 million last year and also plans to take home a massive check for stepping down, now that this deal has been completed.
There were no immediate plans for change specifically noted in the press release this morning other than the fact that Woodside has brought on an all-star team of industry leaders to help the company going forward.
Now that the deal is done, are you ready to see this merger “supercharge” Android?