Lenovo buys Motorola from Google (at a huge discount)

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 courtesy Asymco.

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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.

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