Google selling Motorola phone business to Lenovo for $2.9 billion

[Spacescreamer]

SAN FRANCISCO: Google is selling Motorola Mobility's smartphone business to Lenovo group for $2.9 billion.
China's Lenovo goup is picking up about 2,000 Motorola patents in addition to the phone manufacturing operations.

The deal announced on Wednesday will rid Google Inc. of a financial headache that has plagued the company since buying Motorola Mobility for $12.4 billion in 2012. Motorola has lost nearly $2 billion since Google took over in May 2012 while trimming its workforce from 20,000 to 3,800.

Google is retaining most of Motorola's portfolio of mobile patents, providing the company with legal protection for its widely used Android software for smartphones and tablet computers. Gaining control of Motorola's patents was the main reason Google CEO Larry Page decided to make the most expensive acquisition in the Internet company's 15-year history.

http://timesofindia.indiatimes.com/...novo-for-2-9-billion/articleshow/29575449.cms

 

[manucitc]

Motorola ko NANGA karke bech diya....

 

[rakeshmarar]

http://www.businessweek.com/articles/2014-01-29/google-ends-its-motorola-misadventure

 

[adi_vastava]

Motorola ko NANGA karke bech diya....

Can not say that(I believe you are talking about patents they kept), they bought it for 12 Bn and sold it for around 3 Bn. So in stated nangai process, they themselves have spend 9 bn.

 

[Onemufc]

Google buys Moto for 12.5 billion.
Sells set top boxes for 2.35.
Keeps 5.5 billion in patents.
Keep 2.9 billion cash holdings that Moto had at time of purchase.
Save 2.4 billion in tax benefits at about 700 mill a year.

Genius

 

[ayanavish]

But not a bad acquisition for Lenovo. Wonder what will now happen to the likes of Moto X and G. People who were considering G as the mini-Nexus would now be sorely disappointed.

A good read from AP: http://www.androidpolice.com/2014/0...d-and-confusing-but-lets-at-least-be-hopeful/

 

[raksrules]

Now we will see lot of Moto phones selling on Aliexpress (like we see plethora of Lenevo now).

 

[phoenix844884]

Excellent article at AnandTech regarding this news - http://www.anandtech.com/show/7726/...-acquisition-of-motorola-mobility-from-google

Everyone should read this piece, because it's written by people with open minds and it is meant for people with open minds. All the cynics, nay-sayers, doomsday enthusiasts should definitely read as it might just throw some light into your otherwise boring lives.

 

[v.Na5h]

Excellent article at AnandTech regarding this news - http://www.anandtech.com/show/7726/...-acquisition-of-motorola-mobility-from-google

Everyone should read this piece, because it's written by people with open minds and it is meant for people with open minds. All the cynics, nay-sayers, doomsday enthusiasts should definitely read as it might just throw some light into your otherwise boring lives.

Can some body post the gist or a tldr

 

[Rohan7]

So should we still buy a Moto G?

 

[rdst_1]

I welcome this move. At least we will now get Motorola phones in India now. They make the best radios(RIL) in business, something really needed for a country like India.

 

[drkrack]

I welcome this move, this also means Lenovo is emerging as a key player in smart phone market fast. Down fall of PC had made their survival difficult !

 

[rakeshmarar]

I am happy i bought a lenovo fone few days back

 

[drkrack]

Hope this deal gets Lenovo phones out of 'Chinese phone' tag !

 

[blr_p]

Ah, so it was Moto that lenovo was going to acquire after all.

Does this mean htc is in the clear ? as i thought they would be on the selling block.

 

[abracadabra]

Finally the deal is closed after 10 months!

Motorola is officially a Lenovo Company!!

Source

 

[ankushv]

Hope they keep updating the moto g and e now that Lenovo owns Motorola.

 

[ayanavish]

Hope they keep updating the moto g and e now that Lenovo owns Motorola.

Hopefully, Lenovo would keep Moto the way it currently is