Shocking news today, as Google’s CEO Larry Page just announced that Google acquired Motorola Mobility for a total of about $12.5 billion. According to his statement, he wants Motorola and Google to “supercharge the entire Android ecosystem for the benefit of consumers, partners and developers.”
Google also released an official press statement where other CEO voices could share their opinions regarding this new deal. This new deal does not change the current status of Motorola or Android who will still remain open to everyone and Motorola Mobility which will be led by Google as a separate business.
Founded in 1998 by Stanford students Larry Page and Sergey Brin, Google is today a top web property in all major global markets. What in 1998 begun with a new search engine, it spread all over the Internet and outside within our lives: email services, mobile phones, tablets, e-readers, online services, television is just a part of what Google became today.
On the other side, Motorola Mobility binds technology to create amazing experiences that can make people’s lives easier. Motorola Mobility is known to have released mobile phones and tablets, with the majority of them being powered by Google’s Android operating system.
Sanjay Jha, CEO of Motorola Mobility:
This transaction offers significant value for Motorola Mobility’s stockholders and provides compelling new opportunities for our employees, customers, and partners around the world. We have shared a productive partnership with Google to advance the Android platform, and now through this combination we will be able to do even more to innovate and deliver outstanding mobility solutions across our mobile devices and home businesses.
Andy Rubin, Senior Vice President of Mobile at Google:
We expect that this combination will enable us to break new ground for the Android ecosystem. However, our vision for Android is unchanged and Google remains firmly committed to Android as an open platform and a vibrant open source community. We will continue to work with all of our valued Android partners to develop and distribute innovative Android-powered devices.
Source: Google Blog
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