Google sells Motorola to Lenovo for $2.91 billion

Lenovo, the Chinese company that took over IBM’s personal computer business in 2005 to become the best and largest PC maker, will restructure itself once more with the purchase of Motorola from none other than Google.

After buying Motorola for $12.5 billion in 2012 and now selling it to Lenovo, Google will still keep most of Motorola’s patents. Lenovo will just get 2000 patents in addition to a license on the remaining patents.

So, how will Lenovo shake up the smartphone industry? It is still too early to tell, but according to Google CEO Larry Page:

“Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere.”

With hundreds of millions of dollars lost by Google in previous quarters, at least the company gets to keep Motorola’s Advanced Technology and Project division. Google has already sold off the set-top division of Motorola.

Now, Google will now be able to concentrate on the Android mobile operating system and stop its huge losses on Motorola, while Lenovo will do its best to become the third-best Android smartphone manufacturer in the United States.

We’ve just signed an agreement to sell Motorola to Lenovo for $2.91 billion: http://t.co/PKDXrTq6Oe pic.twitter.com/vLcDBXlvIh

— Google (@Google) January 29, 2014

[Source]: The Verge: Google sells Motorola to Lenovo for $2.91 billion [http://www.theverge.com/2014/1/29/5358620/lenovo-reportedly-buying-motorola-mobility-from-google].