Ladies and gentlemen, "Googorola" is now official. Google co-founder and CEO Larry Page took to the company's blog to announce that the acquisition of Motorola Mobility is complete, setting the stage for some interesting days ahead in the smartphone wars.
The Google Official Blog has announced that the search giant's acquisition of Motorola Mobility is complete, mere days after the company crossed the final hurdle with Chinese regulators. Now the wait begins to see how Google will use its newfound superpowers as a manufacturer of cell phones.
"I'm excited to announce today that our Motorola Mobility deal has closed," writes Google CEO and co-founder Larry Page. "Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone. We all remember Motorola's StarTAC, which at the time seemed tiny and showed the real potential of these devices. And as a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to Google."
The acquisition means that Motorola Mobility CEO Sanjay Jha will be stepping down from his post, replaced by "Googler" Dennis Woodside. On Monday, rumors began flying that other heads will roll at Motorola as a result of the acquisition, but Page appears too busy basking in the glow of his big purchase to worry about that right now.
"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," Page concludes. "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."
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