Google sells Motorola unit to Lenovo for $2.9B
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PC maker Lenovo, which has struggled for smartphone success outside China, gets an established global brand, while Google unloads a burden on its balance sheet and a source of tension.
How a Good Move Getting Motorola is Getting Better
Lenovo gets the Motorola brand, as well as its portfolio of devices, including the Moto X and Moto G. In addition, it will also receive more than 2,000 patent assets, while Google will retain control of a majority of the patents it originally obtained when it acquired Motorola several years ago.
A deal instantly gives Lenovo, which has a thriving smartphone business in China but few other places, an established global brand. Google, meanwhile, will shed a business that has continually dragged down its profits.
From: http://news.cnet.com
TinyURL: http://tinyurl.com/jvgg3k3
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Google holds on to
Motorola's Advanced Tech unit
Motorola's Advanced Tech unit
in Lenovo deal
Omitted from announcement that Google had reached a deal to sell its smartphone-making unit to Lenovo was that it will hold on to the unit responsible for the company's experimental technologies, which have included work on electronic tattoos and pills with chips in them for authentication.
Headed up by former director of DARPA Regina Dugan, Motorola's Advanced
Technology and Projects Group will be folded into Google's Android unit according to the Verge, which is headed up by Sundar Pichai, the VP also in charge of Google's Chrome and Apps efforts.
Link: http://www.zdnet.com/google-holds-on-to-motorolas-advanced-tech-unit-in-lenovo-deal-7000025790/
TinyURL: http://tinyurl.com/mf9p4t4
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