Peter Burrows, Brian Womack and Hugo Miller for Bloomberg:
Google Inc. (GOOG), which won U.S. approval for its acquisition of Motorola Mobility Holdings Inc. (MMI), is close to naming Dennis Woodside to run the business when the deal closes, three people familiar with the matter said.
Google said in the conference call that it would operate Motorola Mobility as a separate business, but the price Google agreed to pay is not reflective of the value of Motorola Mobility as a stand-alone business: that’s the kind of price paid by a strategic buyer who plans to use the acquisition target as leverage for its (Google’s) own core business.
The big thing is that Google has been pretty adamant that they won’t meddle, that they won’t mess with Motorola. All a long I’ve thought that to be bullshit — well here’s the first meddling: naming Woodside a Google Ad Sales chief to the CEO post at Motorola. That pick says a whole hell of a lot about Google’s goals.