Google Decides to Sell Motorola Mobility
Google decided to sell Motorola Mobility, company that it bought in 2012 for the amount of $12.5 billion.
Motorola Mobility will be sold to Lenovo for a lot less than the acquisition price. Google will let Lenovo have Motorola Mobility for $2.91 billion.
A couple of years back, Google was glad to announce that it entered an agreement to purchase cell phone and electronics maker Motorola Mobility for the amount of $12.5 billion. The acquisition was announced in August 2011 and was completed in May 2012. Google explained at the time that following the acquisition it will focus on supercharging the Android ecosystem and enhancing competition in mobile computing.
“Motorola is a great American tech company, with a track record of over 80 years of innovation,” said at the time Google co-founder and current CEO Larry Paige. “It’s a great time to be in the mobile business, and I’m confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.”
The story does not end with Google using Motorola Mobility to supercharge the Android ecosystem. The story ends with Google deciding to sell Motorola Mobility. This week, Google announced that it entered an agreement with Lenovo and as part of this agreement, Google will sell Motorola Mobility to Lenovo for $2.91 billion. Following the sale of Motorola Mobility, Google will devote more of its energy to driving innovation across the Android ecosystem.
“Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem,” said Larry Page. They have a lot of experience in hardware, and they have global reach. In addition, Lenovo intends to keep Motorola’s distinct brand identity—just as they did when they acquired ThinkPad from IBM in 2005. Google will retain the vast majority of Motorola’s patents, which we will continue to use to defend the entire Android ecosystem.”
Motorola Mobility will be sold to Lenovo for a lot less than the acquisition price. Google will let Lenovo have Motorola Mobility for $2.91 billion.
A couple of years back, Google was glad to announce that it entered an agreement to purchase cell phone and electronics maker Motorola Mobility for the amount of $12.5 billion. The acquisition was announced in August 2011 and was completed in May 2012. Google explained at the time that following the acquisition it will focus on supercharging the Android ecosystem and enhancing competition in mobile computing.
“Motorola is a great American tech company, with a track record of over 80 years of innovation,” said at the time Google co-founder and current CEO Larry Paige. “It’s a great time to be in the mobile business, and I’m confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.”
The story does not end with Google using Motorola Mobility to supercharge the Android ecosystem. The story ends with Google deciding to sell Motorola Mobility. This week, Google announced that it entered an agreement with Lenovo and as part of this agreement, Google will sell Motorola Mobility to Lenovo for $2.91 billion. Following the sale of Motorola Mobility, Google will devote more of its energy to driving innovation across the Android ecosystem.
“Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem,” said Larry Page. They have a lot of experience in hardware, and they have global reach. In addition, Lenovo intends to keep Motorola’s distinct brand identity—just as they did when they acquired ThinkPad from IBM in 2005. Google will retain the vast majority of Motorola’s patents, which we will continue to use to defend the entire Android ecosystem.”
