Google Closes Motorola Mobility Deal, New CEO Announced

May 23, 2012

Google CEO Larry Page made it official -- though not "Facebook official" -- yesterday when he announced in a blog post that Google finally closed the Motorola mobility deal, buying the company for a reported $12.5 billion. Page stressed Motrola's willingness to bet on Google's Android operating system, and thanked CEO Sanjay Jha for his confidence before announcing that Jha had stepped down. Taking over as Motorola Mobility CEO is Dennis Woodside.

Pehaps the most interesting part of Page's blog post, however, was the closing paragraph and pontifications about technology, and pehaps even a few allusions as to what Google will be focusing on next. He wrote: "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."

Google's focus on turning you phone into a virtual wallet has not gone unnoticed in recent years. In fact, it even created Google Wallet. But does the seemingly offhand reference to the ability to pay with you phone mean Google is refocusing its efforts on making the Google Wallet -- or something like it -- ubiquitous?