In a blog post this morning written by Larry Page himself, Google announced that their acquisition of Motorola Mobility is now complete. The merger has been examined and approved by all the appropriate authorities, the last of which being approval in China just a few days ago.
Reports from a few months ago predicting Sanjay Jha's departure as CEO turned out to be true. Jha, who led Motorola Mobility down the Android path which allowed them to recapture some of their former popularity, has stepped down from his position at the company to be replaced by the Googler in charge of the merger process.
Larry Page states in his post that Dennis Woodside, Motorola Mobility's new CEO, is known for his team building abilities and history with handling some of Google's largest projects. "One of his first jobs at Google was to put on his backpack and build our businesses across the Middle East, Africa, Eastern Europe and Russia."
Woodside's most recent accomplishments at Google include drastically increasing profits in the company's Americas region. Woodside is also responsible for bringing on quite a few impressive hires for Google's newfound handset business.
What exactly Google plans to do with Motorola Mobility is still anyone's guess. Google has claimed that a firewall will be put in place to keep Motorola separate from the Android team but it's hard not to think that Google wants to get into the handset business somehow.
Other rumors approach the purchase from an entirely different angle. Previous reports claim that Google has been in talks with Chinese handset manufacturer Huawei to sell off the hardware portion of Motorola. These rumors point towards Google purchasing Motorola in order to bolster their mobile patent portfolio to better help defend the Android operating system and their partners in a world where new patent lawsuits seemingly crop up every day.