It’s officially official, Google is $12.5 billion poorer but more than 17,000 (Motorola) patents richer! After months of waiting and red tape, it looks like Google will finally be a hardware company, since their acquisition of Motorola Mobility is now official. In a blog post, Larry Page, CEO said “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.”
Once all the merger and acquisition dust has settled, Google will now be the owner of more than 17,000 Motorola patents and 7500 more in application. Dennis Woodside will take over as the new CEO of Motorola Mobility, since Sanjay Jha will be stepping down.
Google first announced their plan to buy Motorola Mobility for $12.5 billion last August 2011, and it was only last February 13, 2012 when Google received the final approval from the US Department of Justice and the European Union, then last May 19, 2012, China also approved the merger.
Back then, the announcement appeared to a defensive move by Google, after losing the 6,000 Nortel patents and patent applications for wireless, voice and internet technology to a consortium including Apple, EMC, Ericsson, Microsoft, RIM, and Sony.
It’s still too early to see how this merger will affect the Android community and how the other android handset maker will react to the acquisition, even though Google said that they will let Motorola run as a separate and independent company, but one thing’s for sure, Google got one heck of an arsenal when they go to back to war and I mean patent war.
What do you think about Google’s acquisition of Motorola Mobility? Is the $12.5 billion worth it or not?
Last modified: May 23, 2012