Google’s $12.5 billion acquisition of Motorola Mobility has been officially cleared and completed, according to a post on Google’s blog today. Google CEO Larry Page tells us that the nine-month process has wrapped and that Motorola Mobility CEO Sanjay Jha has resigned his post. In his place will be Google’s own Dennis Woodside as he looks to take things into the future of smartphones and mobile tech.
“Motorola literally invented the entire mobile industry with the first-ever commercial cell phone in 1983. Thirty years later, mobile devices are at the center of the computing revolution. 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.” – Dennis Woodside
Larry Page’s comments indicate that we might not want to look for immediate results or set high expectations this early in the game. The bigger picture stuff is where this new company is focused, with loftier, all-encompassing long-term goals.
It’s a well known fact that people tend to overestimate the impact technology will have in the short term, but underestimate its significance in the longer term. Many users coming online today may never use a desktop machine, and the impact of that transition will be profound–as will the ability to just tap and pay with your phone. That’s why it’s a great time to be in the mobile business, and why I’m confident Dennis and the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.