Google said Tuesday it finalized its $12.5 billion deal to buy Motorola Mobility, a key manufacturer of smartphones and other devices.
NEW YORK (Reuters) - Google Inc completed its $12.5 billion purchase of Motorola Mobility, and the Web search leader named a new management team for the cellphone maker. Google said on Tuesday that Motorola Chief Executive Sanjay Jha has stepped and has been succeeded by Dennis Woodside, former president of Google's Americas region. Woodside oversaw planning for the Motorola integration, according to Google. The deal close comes just days after the companies gained approval for the acquisition from the Chinese government. European and U.S. regulators approved the deal in February. ...
In line with earlier reports, Google on Tuesday finalized its acquisition of Motorola Mobility. The $12.5 billion merger was approved by regulators in China on Monday after having been given the green light by the United States Department of Justice this past February. Chinese regulators did stipulate terms for its approval, however, namely that Google must continue to make Android open-source and freely available. Former Motorola Mobility CEO Sanjay Jha has stepped down and Google’s Dennis Woodside will replace him as chief executive. “I’m excited to announce today that our Motorola Mobility deal has closed,” Google CEO Larry Page wrote in a letter published on Google’s blog. “Motorola is a great American tech company that has driven the mobile revolution, with
Asian markets rose Tuesday following a strong performance on Wall Street and on hopes EU leaders will come to an agreement on dealing with the eurozone debt crisis at an upcoming summit.
With a new update just in time for the start of the 2012 event, the official application of the French Open tennis tournament allows fans to follow all the matches and catch every serve of the tournament. The Roland-Garros 2012 app is available for free on iOS and Android devices.
A US judge said a Kodak patent allegedly infringed upon by Apple and Blackberry-maker Research In Motion (RIM) was not valid, dealing another blow to the struggling photography pioneer.
Motorola recently updated its Android release timeline and revealed that certain devices will remain on Android 2.3 rather than receiving an upgrade to Android 4.0 Ice Cream Sandwich. The handsets in question are both modern and more than capable of running the latest Android operating system, however the vendor claims the latest software won’t “improve” the devices, and that’s why updates will not be released. Both the DROID 3 and DROID X2 will remain on Android 2.3, despite the fact that both handsets run dual-core NVIDIA Tegra 2 processors and were released not even a year ago. Read [1] Read [2]
Apple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey showed Monday.
US shares racked up strong gains Monday with the Nasdaq adding nearly 2.5 percent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading.
Following China’s recent regulatory approval, Google’s $12.5 billion acquisition of Motorola Mobility is expected to close in the next two days. Motorola employees may not be celebrating, however. TechCrunch reported on Monday that layoffs will be hitting the manufacturer imminently. When Google purchased DoubleClick, the company had 1,600 employees, 40% of that which were laid off following the buyout. At the time Google’s acquisition was announced, Motorola Mobility had 19,000 employees. The struggling vendor has already laid off 800 employees as part of a restructuring plan, and now it looks like the company may be forced to go through another round of job cuts. Read
We realize there's only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today: Anchorman 2 trailer offers reason for cautious optimism, Russian investors are gobbling up pricey New York City real-estate, and a lone violinist charms Harris Teeter shopper in D.C.
BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine. Even if Google, the world's most popular search engine, offers concessions to resolve the issue, it will still be under the EU spotlight after fresh complaints about its Android mobile software, the top operating system for Internet-enabled smartphones. ...
SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd were summoned for court-directed mediation on Monday over the iPhone maker's claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung were instructed by a federal judge to appear for a two-day mediation to help resolve the bitter patent litigation between the two companies. There was no sign of either CEO at the San Francisco federal courthouse on Monday. ...
Over the past six years, BGR has grown into one of the most prominent destinations in the world for mobile and tech news. We have broken some of the biggest stories in tech and offered up some of the most honest opinions. But we’ve never done video. Today, we’re announcing The BGR Show, and I couldn’t be more thrilled to partner with a long-time friend of mine, Pharrell Williams, to bring the show to his new YouTube channel, i am OTHER. The BGR Show won’t be a boring show that looks at the technical aspects of cell phones. It’s a show that focuses on the fact that technology is now present in practically every aspect of our lives, and we’ll
HTC on Sunday announced that some of its smartphones have already been inspected by United States Customs and have been released to carriers. The Taiwan-based vendor hit a roadblock last week when its devices were held up in Customs due to an ongoing legal dispute with Apple. “Each imported HTC model must be reviewed by Customs and will be released once Customs officials have completed the inspection,” the company wrote on its website. “Some models have gone through inspection and been released to our carriers customers. We don’t have the status of each specific device model at this time, but we are working closely with Customs. We remain confident that this issue will be resolved soon.” Earlier reports suggested that HTC