Google seals buyout of Motorola Mobility by axing CEO

Google sealed its $12.5bn purchase of Motorola Mobility on Tuesday, marking the company’s biggest ever acquisition with a change at the top. 

Google CEO Larry Page said in a post on Google’s official blog earlier that the deal was closed with Motorola Mobility CEO, Sanjay Jha, stepping down and being replaced by president of Google’s Americas region, Dennis Woodside.