Google Sells Motorola's Manufacturing Facilities
Google recently announced that Flextronics has agreed to purchase two manufacturing facilities owned by Motorola. Motorola is a wholly-owned subsidiary of Google. The factories in question are located in Tianjin, China, and Jaguariuna, Brazil. The assets and employees of these facilities will be transferred from Google to Flextronics. At the same time, Flextronics has signed a service agreement with Google to manufacture its Android and other mobile devices moving forward. The companies did not disclose terms of the deal, which requires regulatory approval before it can be completed. Google and Flextronics expect the deal to close during the first half of 2013. The news follows Google's announcement that it plans to shutter Motorola's research and design and marketing organizations in Korea.
Google Folds Google Wallet and Android Pay Into Google Pay
Google today took steps to simplify its mobile and online payment products by combining them into a single service called Google Pay. Moving forward, Google Pay will encompass the features of Google Wallet and Android Pay.
Google News to More Clearly Mark 'Fact-Check' Articles
Google says it will work harder to call attention to fact-check articles within Google News. Google believes fact-check style articles have become an important type of journalism, especially in the context of the presidential election.
Motorola's Chicago Office to Lose 500 Jobs
Motorola has revealed the depth of job cuts being made at its Chicago headquarters and they run quite deep. The firm will eliminate 500 positions, or about 25% of its staff, as its parent firm, Lenovo, restructures amidst weak sales.
Private Investors Buy OmniVision for $1.9 Billion
OmniVision has agreed to allow a consortium of private investors purchase the company for about $1.9 billion. OmniVision makes digital imaging products, such as camera sensors for smartphones.
Google to Buy HTC's Pixel Handset Team for $1.1 Billion
Google today said it has agreed to purchase HTC's Pixel smartphone business, as well as acquire some employees and license intellectual property, for $1.1 billion in cash. HTC's Pixel engineers will be added to Google's existing hardware organization, where they will continue to work on the Pixel smartphone line.