Google Inc. (GOOG) announced the completion of the acquisition of Motorola Mobility Holdings Inc. (MMI) for $40.00 per share cash or a total of about $12.5 billion. Google said the purchase would enable it to supercharge the Android ecosystem and would improve competition in mobile computing. Motorola Mobility would remain a licensee of Android and Android would remain open, while Google would run Motorola Mobility as a separate business.
Sanjay Jha, who revived Motorola's Mobile Devices business and led the company through this acquisition, has stepped down as chief executive, though he would continue to work with Google to help ensure a smooth transition. Dennis Woodside, who has overseen integration planning for the acquisition and earlier served as President of Google's Americas region, has become CEO of Motorola Mobility.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.