Motorola sold to Lenovo

Not so long ago Google took over Motorola. Entering the software giant in the area of hardware for many it was a sign that Motorola has stumbled on the road to recovery that was desperately needed. The company under the control of Google managed to introduce two new models, and it seems that the story ends there. In fact, Google has decided to sell the Motorola to Lenovo. The transaction is estimated at $ 2.91 billion!

Motorola acquisition Lenovo paid$ 2.91 billion

Google has officially confirmed the business deal and revealed the details of the payment. According to the agreement, Lenovo will pay $ 660 million in cash, $ 750 million Google will get by Lenovo 's shares, while the remaining $ 1.5 billion is to be paid over the next three years.

For this money Lenovo gets Motorola brand, along with the entire portfolio of devices, including the fresh models - Moto X and Moto G. Also, the Chinese manufacturer will get about 2,000 patents, but Google will still retain control over most of them, acquired when it took over the Motorola. That shows that Google doesn't want to be completely out of the smartphone manufacturing.

Motorola brand will live on

In this way, Lenovo, which in the segment of smartphones participated mainly in the Chinese market, is becoming a global player. Chinese manufacturer has plans which are in favor of preserving the Motorola as a brand, which means that in the future we will continue to see the phones with an "M". On the other hand, Google pulled out of the deal that brought big losses. Otherwise, acquisition of the Motorola is one of the worst business moves that Google has made in its history.

What kind of emotions and experiences you have about Motorola?