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Google to Sell Motorola to Lenovo for $2.91 Billion

Article Comments  33  

Jan 29, 2014, 4:20 PM   by Eric M. Zeman   @phonescooper
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 info at Google »



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Subject Author Date
The fastest way to flush $9 Billion down the toilet bluecoyote Jan 29, 2014, 6:26 PM
What will Lenovo's purchase of Motorola mean to consumers? alrobchris Feb 2, 2014, 8:26 AM
Hope Not!!! phonegameplaya Jan 29, 2014, 5:54 PM
Out of all the companies they could have sold them to they picked a pretty good one quinnsdaddy11 Jan 30, 2014, 9:59 AM
Google got what they wanted bigdave48875 Jan 29, 2014, 6:24 PM
Goodbye to an American Institution WiGuy Jan 29, 2014, 8:35 PM
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