Google seals buyout of Motorola Mobility by axing CEO
Google sealed its $12.5bn purchase of Motorola Mobility on Tuesday, marking the company's biggest ever acquisition with a change at the top.
Google CEO Larry Page said in a post on Google's official blog earlier that the deal was closed with Motorola Mobility CEO, Sanjay Jha, stepping down and being replaced by president of Google's Americas region, Dennis Woodside.
Page said he believes Woodside is a good replacement because of his team building skills and work in helping to increase Google's revenue in the US by $6.3bn in less than three years as president of the Americas region. Woodside said in a statement, "Our aim is simple: to focus Motorola Mobility's remarkable talent on fewer, bigger bets, and create wonderful devices that are used by people around the world."
