Lenovo Buys Motorola Mobility from Google for $2.91 Billion

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Lenovo Buys Motorola Mobility from Google for $2.91 Billion   Lenovo sign 500x333

Way back in 2011, Google purchased Motorola Mobility for $12.5 billion. A few years later, Google is now selling their acquisition to Lenovo for $2.91 billion; $660 million in US cash and $750 million in Lenovo shares at the end of the deal, with $1.5 billion paid through a three-year promissory note.

Google will hold on to most of the Motorola Mobility patent portfolio, with Lenovo getting about 2,000 patent assets along with the Motorola Mobility brand and trademark. Google has reportedly been looking to dump Motorola for some time as it’s never quite justified its large purchase price, instead consistently losing money.

When Google purchased Motorola, consumers hoped this would lead to a phone made from the ground up from Google, but this sale seems to indicate otherwise. This might also mean no more phones like the Moto G and Moto X, which Google played a big part in and provided with timely Android software updates. Motorola moving away from Google will surely lead to less-prioritized support too.

The acquisition gives the Chinese-based Lenovo the number three position in the US among Android phone manufacturers, so let’s see what they do with it.

via Tom’s Hardware

About

Dylan Duarte is a freelance writer who's covered videogames, film, television, and now tech! Be sure to check out his site, Dylan Reviews Everything, and follow him on Twitter: @dylanduarte.

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