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.
Google Closes Moto Buy, Installs New CEO
May 23rd, 2012