Lenovo Buys Motorola for Much Less Than What Google Paid

Quite unexpectedly søgiganten Google has now sold the American mobile phone manufacturer for Lenovo, but container, however, most of the patents.
Completely out of the blue air informs Google now in a press release that søgegigaten has signed an agreement to sell Motorola to Lenovo for 2.91 billion dollars. It writes our site.
Apparently it seems that Lenovo has done a good deal, given that Google previously paid 12.5 billion dollars for the limping mobile manufacturer. After their previously acquired by IBM’s PC business in 2005, Chinese Lenovo could boast of being the world’s largest PC manufacturer, and so on, there are indications that they will also put their stamp on the mobile market.
“The acquisition of such an iconic brand, innovative product portfolio and the skilled global team, will immediately make Lenovo a strong global competitor in smartphones. We will immediately have the opportunity to be a strong global player in the rapidly growing mobile space, “said Yang Yuanqing, who is Chairman and Chief Executive Officer of Lenovo.
Acquisition of Motorola has also not been lucrative for search giant, who apparently believes that the sale of Motorola is the best solution for Google.
“Lenovo has the expertise and background needed to make Motorola Mobility to a major player within the Android ecosystem. This move will also make it possible for Google, to devote all our energy to develop innovation in the Android ecosystem, for the benefit of smartphone users everywhere, “said Larry Page, Managing Director, Google.
The search giant also retains the 17,000 patents, there also was the main reason for the acquisition by Motorola. The sale gives Google 660 million dollars in cash and 750 million dollars in Lenovo shares. Remaining will be paid over the next three years.
Larry Page also announces in a blog post that the agreement lacks the final approvals from both the United States and China, which also can take a bit of time. So, so far, is everything as it used to.