Home  ›  News  ›

Google to Sell Motorola to Lenovo for $2.91 Billion

Article Comments  33  

Jan 29, 2014, 4:20 PM   by Eric M. Zeman
updated Jan 29, 2014, 5:41 PM

Google today announced that it intends to sell Motorola to Lenovo for $2.91 billion. Google CEO Larry Page said that Google will hold onto the vast majority of Motorola's mobile-related patents, and will continue to use them to defend Android's position in the smartphone ecosystem. Lenovo plans to keep the Motorola brand alive, just as it did with the ThinkPad brand it acquired from IBM in 2005. According to Page, Google believes Motorola needs a hardware company to truly succeed. "Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem. They have a lot of experience in hardware, and they have global reach," said Page in a blog post. "This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere." The deal will need to be approved by regulators in China and the U.S., and will take some time. Page did not say when he expects the deal to close.

more news about:

Motorola
Lenovo
Google
 

Comments

This forum is closed.

This forum is closed.

bluecoyote

Jan 29, 2014, 6:26 PM

The fastest way to flush $9 Billion down the toilet

I mean damn.

Also a shame, the Moto X was a terrific phone- probably the best Android handset made to date.
Versed
At first I was upset, but changed my mind. Lenovo makes quality stuff, they're not out to make some crap phone, they want to compeat against the likes of Apple and Samsung.
...
Snapper314
bluecoyote said:
I mean damn.

Also a shame, the Moto X was a terrific phone- probably the best Android handset made to date.


The Moto X is an OKAY phone at best. It lacked several features available on...
(continues)
...
DarkStar
They didn't flush $9 billion down the toilet. Google sold the set top division for a couple billion. They still own the patents from motorola. And they got a lot of experience about hardware development. They are a software company. This is the b...
(continues)
alrobchris

Feb 2, 2014, 8:26 AM

What will Lenovo's purchase of Motorola mean to consumers?

Can anyone speculate how Droid phones will change with the Lenovo acquisition? Will there be any changes from a consumer standpoint? Will they continue to be the same phones I've always had? I've been a loyal Motorola Droid user for years, and I'm about to upgrade. Any reason I should change to Samsung? Thanks.
phonegameplaya

Jan 29, 2014, 5:54 PM

Hope Not!!!

I really like Google owning Motorola. I don't even know who this other company is and I feel like if they bought Motorola they would just screw the whole thing up. I didn't realize that Google was losing money or not making as much as they would like. Who knows what Google wants from owning Motorola as far as money goes Personally I don't think Google is using Motorola as well as they should. Google should have all they're Nexus phone made by Motorola and the Nexus phone should be made in a way that would raise the bar every time its released. I mean imagine if the Moto X was the Nexus phone this go around. Making that phone the current Nexus and toping out the hardware would have definitely had other companies playing catch up and mimicking...
(continues)
mobilemadness
Google buying Motorola was a huge flop. Everyone thought some globalist corporation like Google buying them would make Motorola a mega success, but it's been anything but. It's like Google was too inept to run Motorola and had no direction-except to...
(continues)
...
quinnsdaddy11

Jan 30, 2014, 9:59 AM

Out of all the companies they could have sold them to they picked a pretty good one

I like Lenovo they love to pack true raw power into their PC products and the few phones I have seen from them. Let's hope they continue this trend.
bigdave48875

Jan 29, 2014, 6:24 PM

Google got what they wanted

They bought the patents for 10 billion. Payed 12.5 for Motorola with the patents and sold it for 2.9 without patents. They got everything they wanted. Smart business move.
bluecoyote
"Smart Business Move"

So they paid 10 billion for about 100 million dollars worth of patents.
...
mobilemadness
Smart business move maybe if you're Gordon Gekko or Mitt Romney where you buy businesses to harvest like crops. I doubt the folks that got laid off by the Google buyout think it was such a great business move.
...
crossedsignals
A more complete calculation of what was bought, sold, and retained:

http://dealbook.nytimes.com/2014/01/29/did-google-re ... »
WiGuy

Jan 29, 2014, 8:35 PM

Goodbye to an American Institution

So sad it won't be an American company anymore. Motorola gave us radio, walki talkies and the cell phone... ☹️
mobilemadness
Yes, Motorola has been around since 1928-quite a storied history. Motorola's story is like the story of America itself. We once were a great country, but we shipped all our jobs overseas and many of our famous companies got bought out by foreign cor...
(continues)
 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram

 

Playwire
Advertise on this site.

All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.