Google Sells Motorola's Set Top Box Business for $2.35B
Google has announced plans to sell the cable box business it acquired with Motorola Mobility to Arris Group for $2.35 billion. Arris is providing Google with $2.05 billion in cash and the rest in stock. The deal gives Google ownership of approximately 16% of Arris. Both Google's and Arris' boards have approved the deal, though it still has to pass regulatory muster. Arris is based in Suwanee, Ga. Motorola had been shopping the cable box business around for several months. Google has recently sold some of Motorola's Chinese manufacturing facilities and closed down its Korean R&D offices. Motorola's mobile phone business continues to operate out of Chicago.
Google Maps to Host Ads In the Form of 'Promoted Pins'
Google today said it plans to place advertisements in Google Maps on mobile devices. The change is meant to help Google's business customers promote their own businesses to people who search through Google Maps.
Lenovo Completes Acquisition of Motorola
Google has completed its sale of Motorola to Lenovo. Google first announced plans to sell Motorola in January.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Lenovo to Slash 3,200 Jobs After Motorola Sales Slide
Lenovo today said it plans to reduce its headcount by as many as 3,200, or about 10%, as it looks to reduce expenses. The company reported earnings and said sales across its various business units dropped by 9% during the quarter.
So, what exactly are they keeping besides the patents?