Google Sells Moto to Lenovo for $2.91B

Lenovo is acquiring the Motorola Mobility smartphone business for $2.91 billion. The deal includes a portfolio of smartphones like the Moto X and Moto G and the DROID Ultra series. Lenovo will take ownership of the future Motorola Mobility product roadmap.

With a strong PC business and a fast-growing smartphone business, Lenovo expects the deal to strengthen its position in the handset market. With Moto, Lenovo automatically gains a strong market presence in North America and Latin America, as well as a foothold in Western Europe, to complement its business in emerging markets around the world.

EULenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem,EU said Larry Page, CEO, Google. EUThis move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere.EU

Google Keeps the Patents

Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures. As part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property. Lenovo will also receive more than 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.

EUThe acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a strong global competitor in smartphones,EU said Yang Yuanqing, chairman and CEO of Lenovo. EUWe will immediately have the opportunity to become a strong global player in the fast-growing mobile space.EU

Will the Bet Pay Off?

Lenovo has made big bets in the past, acquiring IBMEUs PC business and its legendary PC brand in 2005. Will this pay off as well as the PC buy? p> We caught up with Jeff Kagan, an independent technology analyst, to get his take...

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