Google completes $ 12.5 billion Motorola takeover deal

Google completes $ 12.5 billion Motorola takeover dealInternet giant, Google has said that it has completed its $ 12.5 billion deal under which it acquired Motorola Mobility, nine months after Google announced that it wanted to expand into the hardware business.

After the acquisition, Google has entered into the hardware mobile market with the devices. The company offers its Android platform for smartphones from different manufacturers. Motorola offers a great opportunity for internet giant but comes with great risks.

Motorola has been selling its smartphnes based on Android platform in recent years. The company now ranks eighth with 2 percent of the worldwide market share, according to figures available from Gartner. Google chief executive Larry Page has named Dennis Woodside, as Motorola's chief executive. He replaces Sanjay Jha, who will continue with the company until the ownership changes.

Woodside has worked in online advertising as president of Google's America region. Motorola Mobility Holdings earned $13.1 billion in revenue during the year in which it was acquired by Google. The deal is completed as the company was able to convince the government agencies that the takeover will not stifle competition in the smartphone market.