Le Deal Has Been Finalized!!!
Alright everyone, I’m way too excited right now, being one of the last few souls to love and believe in Motorola, but especially now with Google acquiring it (knowing that this probably won’t change TOO much of Moto’s structures) is just exciting. Hear that? YES. The Google-Motorola acquisition has now been finalized.
PS. To all our stock personas out there, Motorola Mobility shall cease trading on NYSE immediately.
Over the past few months we’ve watched as the UK(?) and the US has approved of the deal and waited patiently for China’s response. Last week after getting China’s approval, we’ve waited for the deal to close so we can get the ball rolling and see what Google will really do with the company. Well the day is here.
Sanjay Jha has stepped down as Moto CEO and colleague Dennis Woodside has stepped up to the plate. With Woodside stepping in, he has also brought on a board of execs from DARPA, Nokia, Google and NVIDIA and has kept many of Motorola executives in their current roles ( including product development, mass market products, software and enterprise, and consumer experience design).
Nothing has been said about the specific functions that Google will do. CEO Larry Page was quoted on his blog this morning saying:
“It’s a well known fact that people tend to overestimate the impact technology will have in the short term, but underestimate its significance in the longer term. 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.”
As well as Woodside quoting:
“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.”
I guess we are in the waiting stage again seeing what Google is going to do, but for now cheers Motorola and congratulations Google, don’t let us down.