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Lenovo to reportedly take Motorola off Google's hands for $3 billion |
Tsepz_GP Joined: Dec 27, 2006 Posts: > 500 From: Johannesburg, South Africa PM |
Google won’t have the Motorola albatross hanging around its neck for much longer. Unnamed sources tell Reuters that Chinese computer vendor Lenovo is close to buying Motorola Mobility from Google for around $3 billion, which backs up a similar report from China Daily claiming that Lenovo would buy the one-time mobile phone titan for $2 billion. Although we don’t know when a deal to buy Motorola will be finalized, Reuters‘ sources say that an official announcement could come as soon as Wednesday. Reuters also says that the deal is expected to include “some” of Motorola’s patents.
Google originally acquired Motorola less than three years ago for $12.4 billion as a way to shore up its mobile patent portfolio to protect against lawsuits from Apple, Microsoft and other tech companies. The acquisition was a borderline disaster for Google, however, as Motorola’s patents turned out to be worth much less than originally thought and sales of Motorola devices kept tanking despite a massive infusion of marketing dollars to promote devices such as the Moto X.
The deal makes a certain amount of sense for Lenovo, which has been trying to crack the American smartphone market in the same way that Samsung has over the past few years. The trouble is, though, it’s not clear whether Motorola has a strong enough brand in the United States anymore to really make a difference.
BGR
[ This Message was edited by: Tsepz_GP on 2014-01-29 21:45 ] Phone: iPhone 15 Pro Max Black Ti 512GB Tablet: iPad Pro 11” 2020 Space Gray 256GB Watch: Series 3 Nike Edition Space Gray Droid: Huawei Mate 40 Pro 256GB |
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Away Joined: Oct 15, 2012 Posts: > 500 PM |
It's official
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tranced Joined: Jan 19, 2006 Posts: > 500 From: Santo Domingo, wonDeRland PM |
At their blog
Lenovo to acquire Motorola Mobility
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Ranjith Joined: Dec 07, 2004 Posts: > 500 From: Saudi Arabia/India,Cochin PM |
so it was all for the patents?
I ESATO I W1i T20,T65, P800(2x),K800,Z300, 800, 850 (2x),P1i(with WALKMAN) |
hihihans Joined: Mar 15, 2009 Posts: > 500 From: Netherlands PM |
Guess so, but we already knew that.
I do wish Lenovo all the best. My wife has the Yoga8 tablet and it's a splendid device.
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Bonovox Joined: Apr 13, 2008 Posts: > 500 PM |
Lenovo are one of the best PC manufacturers and considered most reliable with their IBM's. Am sure it'll be a bright future
Phone?? What phone?? |
skblakee Joined: May 07, 2007 Posts: > 500 From: St.Kitts, West Indies PM |
Good move for both parties. Google gets rid of an albatross which they never really wanted, they keep to keep the patent portfolio, the get rid of a major loss making unit, Lenovo gets to own a major phone manufacturer and they are based in China which should help them fight Apple in that all important market.
As I understand it Google lost "only" $4.4 billion on Motorola because Motorola had $1.9 billion in cash at the time it was bought, they sold the set top box business for $1.9 billion and this deal is for $2.91 billion and they own patents.
Galaxy Note III with 64gb micro SD Visit St.Kitts in the Caribbean. Beautiful little place. iPad Air 16GB |
Ranjith Joined: Dec 07, 2004 Posts: > 500 From: Saudi Arabia/India,Cochin PM |
i really love Lenovo's phones for their price!decent built too
I ESATO I W1i T20,T65, P800(2x),K800,Z300, 800, 850 (2x),P1i(with WALKMAN) |
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