Tuesday, 06 December 2016

Lenovo buys Motorola from Google for $2.91 billion

By Mary Lennighan, Total Telecom
Thursday 30 January 14

Chinese firm becomes world's third largest smartphone maker; Google retains Motorola patents.

Lenovo has agreed to buy Motorola Mobility from parent company Google for around US$2.91 billion. In a deal many have been waiting for since the Internet giant acquired the once-mighty U.S. handset maker, ostensibly for its patents, in 2012, Lenovo will take control of the Motorola brand and smartphone line-up, while Google will retain the bulk of its intellectual property. Lenovo will receive licences to Motorola's patents. In the past 19 months, &quot…

Lenovo has agreed to buy Motorola Mobility from parent company Google for around US$2.91 billion. In a deal many have been waiting for since the Internet giant acquired the once-mighty U.S. handset maker, ostensibly for its patents, in 2012, Lenovo will take control of the Motorola brand and smartphone line-up, while Google will retain the bulk of its intellectual property. Lenovo will receive licences to Motorola's patents. In the past 19 months, &quot…

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