Google completes £8bn Motorola purchase
Google has splurged £8bn on the acquisition of Motorola Mobility, the handset division of the tech firm, installing its own Dennis Woodside as CEO following a transition period.
The takeover is being sold by Google as an opportunity for it to “supercharge” the Android platform and but was only made possible after Chinese and European regulators gave their consent to the deal.
Woodside said: “Motorola literally invented the entire mobile industry with the first-ever commercial cell phone in 1983. Thirty years later, mobile devices are at the centre of the computing revolution. 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.”
Google CEO Larry Page added: “Many users coming online today may never use a desktop machine, and the impact of that transition will be profound-as will the ability to just tap and pay with your phone. That’s why it’s a great time to be in the mobile business, and why 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.”