News Articles

Wednesday, January 29, 2014

Google is selling Motorola Mobility to Lenovo

Google is selling its Motorola Mobility mobile phone business to Lenovo for $2.91 billion (£1.76bn). Lenovo, which already produces Android smartphones, will maintain Motorola as a separate brand.

Google will keep most of the Motorola Mobility patent portfolio, although it will license these patents to Lenovo.

The deal is subject to regulatory approval in the USA and China.

Yang Yuanqing, chairman and CEO of Lenovo, said “The acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a strong global competitor in smartphones. We will immediately have the opportunity to become a strong global player in the fast-growing mobile space. We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business. Lenovo has a proven track record of successfully embracing and strengthening great brands – as we did with IBM’s Think brand – and smoothly and efficiently integrating companies around-the-world. I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future.”

Google agreed to acquire Motorola Mobility in August 2011, finally completing the takeover in May 2012.

[Motorola blog; Google blog]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2024»
MonTueWedThuFriSatSun
30123456
78910111213
14151617181920
21222324252627
28293031123
45678910

Archive

Terms Of Use | Privacy Statement