After quite some time, Google’s acquisition of Motorola was finally final after this morning. The search giant finally closed on the deal after China gave their final approval a couple of days ago. Google was quick to reiterate that Motorola will continue to remain a separate company, while Android will remain “open” as it continues to be licensed out. In fact, a stipulation placed on the deal by China was that the OS remain open and free for at least the next five years. So what does this mean for CEO Sanjay Jha? Well, lets just say his new title from here on out will be “former” CEO of Motorola. Google intends to replace Jha with one of their very own senior VP’s, Dennis Woodside. Woodside will resume command and Jha will assist Woodside in a smooth and easy transition. And if you feel bad for Jha, don’t. Sanjay Jha brought home $47 million as CEO last year and he’ll most likely be given a hefty severance package as well for stepping down as CEO. No other word of change has come forth as of now but there certainly are several thoughts of speculation. And while this is not 100% certain, speculation of restructuring within the company is possible which will include a number of layoffs. The only note worthy change as of now is that Woodside is apparently bringing with him an all-star cast of a team to assist the company from here on out. Presser after the break.
Google Acquires Motorola Mobility
May 22, 2012
MOUNTAIN VIEW, Calif.
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