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:
Mind Bicycle 