Google acquires Motorola Mobility, CEO Sanjay Jha quits

May 22, 2012 23:37

Search engine Google Inc on Tuesday announced that Sanjay Jha has stepped down as CEO of Motorola Mobility Holdings, Inc.

He has been replaced by long-time Googler Dennis Woodside.

The announcement came after Google announced that the acquisition of Motorola Mobility Holdings, Inc has closed, with Google acquiring the firm for $40.00 per share in cash.

The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open.

Google will run Motorola Mobility as a separate business.

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