kpix-7-2013-masthead kcbs 7-2013-masthead

Google Closes On Motorola Mobility Acquisition

View Comments
A sign is displayed outside of the Google headquarters in Mountain View. (Justin Sullivan/Getty Images)

A sign is displayed outside of the Google headquarters in Mountain View. (Justin Sullivan/Getty Images)

MOUNTAIN VIEW (CBS/AP) — Google says it has completed its acquisition of phone maker Motorola Mobility and it has appointed a Google executive as the new CEO of the business.

Google says 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 Inc. and Motorola Mobility Holdings Inc. announced the $12.5 billion deal last summer, expecting it would close late last year or early this year.

Approval from Chinese regulators was slow in coming. On Saturday, China approved the deal, on condition that Google Inc.’s Android software would remain free for other phone makers for at least five years.

Google is buying Motorola, a pioneer in the cellphone industry, to prop up its patent portfolio and help defend phone makers who use Android against litigation.

(Copyright 2012 by CBS San Francisco and Bay City News Service. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 53,852 other followers