Google Sells Motorola Mobility To Lenovo For $2.91 Billion

_0x783czar writes "Google today announced that they will be selling Motorola Mobility to Lenovo for the sum of $2.91 billion USD. Google says the move should allow the company to receive the attention and focus it deserves in order to thrive. From the announcement: '[T]he smartphone market is super competitive, and to thrive it helps to be all-in when it comes to making mobile devices. It's why we believe that Motorola will be better served by Lenovo — which has a rapidly growing smartphone business and is the largest (and fastest-growing) PC manufacturer in the world. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere.' Google was quick to add that this does not signal a move away from their other hardware projects. Additionally Google will 'retain the vast majority of Motorola's patents,' which they hope to continue using to stabilize the Android ecosystem. The deal has yet to be approved by either the U.S. or China."

Comments

Re:A great American company sold to China

[adolf]

Motorola has a distinguished history as a great American company. It was founded in 1928 and outlasted all its electronics contemporaries from that era, including RCA and Dumont. It had a great hit in the Razr (the iPhone before the iPhone). Now Google has sold Motorola to China.

Nope.

Motorola Solutions is still based in the Illinois, making top-tier wireless communications gear for commercial and public safety sectors.

All that has been sold to China is what used to be the Crappy Consumer Products/Race to the Bottom division of Motorola:

Wow. Major shopping spree

[msobkow]

That's a pretty big shopping spree Lenovo has been on. I sure hope it pays off for them -- I like their hardware, despite all the naysayers out there, I've never had problems with their stuff yet.