Larry Page stepped to the blog today to announce the completion of Google’s acquisition of Motorola Mobility. It was a nine-month ordeal which finally closed thanks to a “thumbs up” from China. Larry goes on to thank former CEO Sanjay Jha, and to talk about his replacement, Dennis Woodside. Larry had nothing but positive words for Dennis and his transition to CEO of Motorola Mobility:

I’ve known Dennis for nearly a decade, and he’s been phenomenal at building teams and delivering on some of Google’s biggest bets. 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. More recently he helped increase our revenue in the U.S. from $10.8 billion to $17.5 billion in under three years as President of the Americas region. Dennis has always been a committed partner to our customers and I know he will be an outstanding leader of Motorola. As an Ironman triathlete, he’s got plenty of energy for the journey ahead–and he’s already off to great start with some very strong new hires for the Motorola team.

While we still have no idea what Google has planned for Mobile Mobility, Larry says he’s confident Dennis and the team at Motorola will be creating the next generation of mobile devices. We’re guessing the MM deal will be a long-term investment as Larry continues to point out the significance of technology in the longer term and how most people tend to underestimate that significance.

Well, it’s a done deal and we’ll just have to see what comes of it — Motorola Nexus anyone?

• SourceGoogle Blog