Google Closes Moto Buy, Installs New CEO

Google's (NASDAQ:GOOG) acquisition of Motorola Mobility (NYSE:MMI) has closed, with Google acquiring MMI for $40.00 per share in cash. Google will run Motorola Mobility as a separate business. Motorola Mobility CEO Sanjay Jha has stepped down as CEO, although he will continue to work with Google to help ensure a smooth transition. Dennis Woodside, who has overseen integration planning for the acquisition and previously served as president of Google's Americas region, has become CEO of Motorola Mobility.
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