News by Dan Seifert on Tuesday May 22, 2012.
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Following the approval of the Chinese government, Google has finalized its acquisition of Motorola Mobility. Google initially announced its intent to buy Motorola Mobility for $12.5 billion back in August of last year, and it has been going through various regulatory proceedings for the buy since then.
As part of the acquisition, Google stands to gain the rights to some 17,000 patents related to mobile communications, which is likely the most valuable thing Motorola has to offer. Google has said that it will run Motorola as a separate entity, and that it will not integrate the Android team with the acquired Motorola staff, but it remains to be seen how exactly that will work out. Google did note that Android will remain open after the acquisition.
Google has appointed Dennis Woodside as CEO of Motorola Mobility, displacing outgoing CEO Sanjay Jha, who ran the Mobility side of the company since before it split from Motorola Solutions back in January, 2011.
The $12.5 billion purchase is the largest acquisition in Google's history.source: Motorola
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.