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Google Motorola sold Chinese Lenovo
Google has signed an agreement with Lenovo to sell the company Motorola for 2.91 billion dollars. In this case Google will retain ownership of the vast number of patents (about 17,000), which fell to her after buying Motorola in 2012 for $ 12.5 billion. After the announcement of the deal Google shares jumped by a few percent.
After buying Google, Motorola continued to work as an independent company and released in the autumn of 2013 flagship smartphone Moto X. The device was well received by the market, but sales are unknown. Later the company began to gradually reduce its price.
Motorola revenues continue to decline year on year. In III quarter 2013, the company earned 1.18 billion dollars, 0.6 billion lower than the same period last year. Today, Google must disclose financial results for the IV quarter.
Deal announced Google CEO Larry Page in the company’s blog:
Just recently, we signed an agreement to sell Motorola, Lenovo for 2.91 billion dollars. This is an important event for every member Android.
The smartphone market a fierce competition. Lenovo rapidly developing its smartphone business and is the largest manufacturer of personal computers in the world. This step will allow Google to focus on innovation through the introduction of the Android ecosystem for the benefit of all smartphone users.
Lenovo has everything you need to turn Motorola into a major player within the ecosystem Android. The company has rich experience in manufacturing hardware and large coverage area. In addition, Lenovo intends to keep the example of Motorola brand ThinkPad, which it bought from IBM in 2005. Google itself will leave most of the patents Motorola, which will be used to further protect the ecosystem of Android.
Despite the fact that Google receives for Motorola much less than she paid for it a few years ago, there will be a loser. Saved patents Google can license to third parties.
To date, the largest manufacturer of Android-smartphones in the world is the South Korean company Samsung. Last recently signed an agreement with Google for the exchange of patents for 10 years. According to some reports, Samsung has also agreed to expand the number of Google services in its Android-smartphones.
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Tags: Lenovo , Motorola , Patents , Sales , Smartphones .
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