Google officially closes deal for Motorola Mobility – Engadget.com
Google officially closes deal for Motorola Mobility
Months in the making — the deal is finally done. Motorola Mobility is officially part of Google. After receiving blessings from Europe, the US and China, the Internet giant has put the finishing touches on its purchase of Moto’s mobile division. Though the corporate marriage faced plenty of obstacles, Big G was able to put the manufacturer on its ledger for the price of $40 per share, or about $12.5 billion. As it stands, Motorola Mobility will continue to operate as a separate business entity and as a licensee of Android, but Mountain View is still claiming the purchase will allow it to “supercharge” its mobile ecosystem. The future of the new subsidiary’s employees is a different matter, however. Rumors have been swirling for the last week or so that there could be significant layoffs at Moto following the merger, which would further enforce the perception that Google is more interested in the company’s patents than in entering the hardware business. Of course, whether or not we’ll see layoffs or perhaps a Moto-branded Nexus is still a mystery. For a bit more on Google’s victory lap, check out the PR after the break.