Lenovo buys Motorola from Google (at a huge discount)

Image
Image courtesy Motorola.

Although Google paid $12.5 billion for Motorola less than two years ago, today it was announced that Lenovo would be purchasing Motorola from Google for just under $3 billion. Although Google sold off Motorola’s cable box division for $2 billion some time ago and still retains its rights to Motorola’s less-than-stellar patents, that still adds up to a $7 billion loss of value in an incredibly short period of time. Ouch.

Going forward, it will be interesting to see if Lenovo can use this purchase to jump-start its entry into a smartphone market that has become a two-horse race:

Image
Image courtesy Asymco.
Advertisements

Published by

Justin Fleming

My name is Justin and I am an IT analyst living in North Carolina. I enjoy using and talking about technology in all of its forms.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s