Esato Mobile
Manufacturer Discussion : Motorola : Lenovo to reportedly take Motorola off Google's hands for $3 billion
> New Topic
> Reply
< Esato Forum Index > Manufacturer Discussion > Motorola > Lenovo to reportedly take Motorola off Google's hands for $3 billion Bookmark topic
Tsepz_GP Posts: > 500


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 ]

--
Posted: 2014-01-29 22:44:56
Edit : Quote

Away Posts: > 500

It's official

--
Posted: 2014-01-29 23:26:42
Edit : Quote

tranced Posts: > 500

At their blog

Lenovo to acquire Motorola Mobility
--
Posted: 2014-01-30 00:17:07
Edit : Quote

Ranjith Posts: > 500

so it was all for the patents?
--
Posted: 2014-01-30 07:21:48
Edit : Quote

hihihans Posts: > 500

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.
--
Posted: 2014-01-30 10:27:05
Edit : Quote

Bonovox Posts: > 500

Lenovo are one of the best PC manufacturers and considered most reliable with their IBM's. Am sure it'll be a bright future
--
Posted: 2014-01-30 11:08:00
Edit : Quote

skblakee Posts: > 500

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.
--
Posted: 2014-01-30 23:38:50
Edit : Quote

Ranjith Posts: > 500

i really love Lenovo's phones for their price!decent built too
--
Posted: 2014-01-31 08:02:54
Edit : Quote

New Topic   Reply
Forum Index

Esato home