Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp To Produce New Backlight-free LCD Panel For Wearables
New Cameras Boost GoPro's Quarterly Profit
Panasonic AX800 4K ULTRA HD TVs Update Adds Compatibility With Netflix 4K Streaming
YouTube Now Supports 60fps Videos
Samsung Brings Gear S to U.S. Next Week
Corsair Introduces Sabre RGB Mice For Gamers
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Apple's Tim Cook Declares His Sexual Orientation
Active Discussions
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Questions durability monitor LCD
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, May 22, 2012
Google Buys Motorola Mobility


Less than a week after having won approvel from Chinese regulators. Google announced today that the acquisition of Motorola Mobility Holdings, Inc. for $40.00 per share in cash or approximately $12.5 billion.

The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open, Google said, complying to requirements set by China's Ministry of Commerce when the Chinese authority approved the acqusition last week. Google also plans to run Motorola Mobility as a separate business.

Larry Page, CEO of Google, said, "I'm happy to announce the deal has closed. Motorola is a great American tech company, with a track record of over 80 years of innovation. It's a great time to be in the mobile business, and I'm confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.

"Sanjay Jha, who was responsible for building the company and placing a big bet on Android, has stepped down as CEO. I would like to thank him for his efforts and am tremendously pleased that he will be working to ensure a smooth transition as long-time Googler Dennis Woodside takes over as CEO of Motorola Mobility.

"I've known Dennis for nearly a decade, and he's been phenomenal at building teams and delivering on some of Google's biggest bets. Dennis has always been a committed partner to our customers and I know he will be an outstanding leader of Motorola--and he's already off to great start with some very strong new hires for the Motorola team."

Dennis Woodside, CEO of Motorola Mobility, 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 center 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."

Dennis Woodside, previously president of Google's Americas region, is Motorola's new CEO. Departing CEO Sanjay Jha will help to ensure a smooth transition, Google said.has hired a small number of people who will immediately join Motorola's executive team, including Regina Dugan (former Director of DARPA), Mark Randall (former supply chain VP at Amazon and previously at Nokia), Vanessa Wittman (former CFO of Marsh & McLennan), Scott Sullivan (former head of HR at Visa and NVIDIA), and Gary Briggs (former Google VP of Consumer Marketing). In addition to these new executives, many members of Motorola Mobility's team will continue in their current roles: Iqbal Arshad (Product Development), Marshall Brown (Chief of Staff), Fei Liu (Mass Market Products), Dan Moloney (Home), Scott Offer (General Counsel), Mark Shockley (Sales), Mahesh Veerina (Software & Enterprise) and Jim Wicks (Consumer Experience Design).

Woodside added: "Motorola Mobility has many outstanding leaders, including people who were behind the original RAZR in 2004 and recent successes like the Droid and RAZR MAXX. Our colleagues joining the team come from varied backgrounds, from DARPA to Amazon and NVIDIA, but they all share a track record of leading innovation at speed, and a great deal of excitement about the mission ahead."

The deal will help Google better compete with Apple's iPhone and gain more clout for its Android software as it expands in the hardware business. It also arms the company a trove of 17,000 patents to protect Android devices in legal disputes with competitors.

The acquisition had already been approved in Europe, the U.S. and other jurisdictions worldwide.


Previous
Next
VIA Launches The $49 APC Android PC System        All News        Kinect for Windows SDK and Runtime version 1.5 Released
Microsoft, LG To Work On Cloud Computing, Motion-Recognition Solutions     General Computing News      Kinect for Windows SDK and Runtime version 1.5 Released

Get RSS feed Easy Print E-Mail this Message

Related News
Motorola Becomes Part Of Lenovo
Google Works On Nanoparticle That Could Cure Cancer
Google Releases Google Fit for Android
Motorola DROID Turbo Smartphone Charges In Minutes
Google Executive Sets Record With Leap from Stratosphere
Google's Pichai to Become Head of Product at Google: report
Google Is Teaming up with Oxford University on Artificial Intelligence
Google Unveils Inbox
Google Play Music App To Follow Your Mood
Login To Google Using A USB Security Key
Google Reports Strong Quarter Despite CPC Decline
Google Announces New Android Lollipop, Nexus 6 Smartphone, Nexus 9 Tablet And Nexus Player Streamer

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .