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It's Official: Google Is Selling Motorola To Lenovo For $2.91 Billion

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Jan 29, 2014.

  1. CatfishRivers

    CatfishRivers Well-Known Member

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    It?s official: Google is selling Motorola to Lenovo for $2.91 billion ? Tech News and Analysis (click for full article)

    by Alex Colon - Jan. 29, 2014

    -- Google on Wednesday confirmed that it has signed an agreement to sell its Motorola handset business to Lenovo for $2.91 billion in a mixture of cash and stock. Google will retain the majority of Motorola's patents, but Lenovo will gain access to 2,000 patents as well as the Motorola brand and trademark portfolio.

    Lenovo has agreed to pay Google $660 million in cash and $750 million in stock, with the remaining $1.5 billion to be paid out over the next three years.

    "Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere," Google CEO Larry Page said in a statement.


    Read more at: http://gigaom.com/2014/01/29/its-official-google-is-selling-motorola-to-lenovo-for-2-91-billion/
     
    Last edited: Jan 29, 2014
  2. CatfishRivers

    CatfishRivers Well-Known Member

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    For Lenovo, buying Motorola is all about boosting share in new markets ? Tech News and Analysis (click for full article)

    by Kevin C. Tofel - Jan. 29, 2014

    Summary: Did Lenovo make a good deal in spending $2.91 billion on Motorola Mobility? Perhaps the financials don't look good yet but add together smartphone sales of Lenovo and Motorola and you get the new no. 3 smartphone vendor in the world.


    -- I think Lenovo just made a heck of a good deal. Or at least a better one than Google made in 2011.

    The company purchased Motorola Mobility from Google Wednesday for $2.91 billion, just 17 months after Google spent $12.5 billion for Motorola. Granted, Google gained Motorola's rich patent portfolio in 2011 but Lenovo gets a piece of that too from today's purchase: The China-based company gains roughly 2,000 patent assets of its own and has a cross-licensing agreement with Google for the rest.


    Read more at: http://gigaom.com/2014/01/29/for-lenovo-buying-motorola-is-all-about-boosting-share-in-new-markets/
     
    Last edited: Jan 29, 2014

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