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Google Decided To Sell Motorola To Lenovo

Google had agrees to sell motorola to chinese comapny lenovo for $2.91 billion. However, google have still their 17000 motorola lucrative patents. Google bought the motorola company in 2012 when the company was facing the financial problem. Google had paid $12.5 billion for this company.

We acquired Motorola in 2012 to help supercharge the Android ecosystem by creating a stronger patent portfolio for Google and great smartphones for users. Over the past 19 months, Dennis Woodside and the Motorola team have done a tremendous job reinventing the company. They’ve focused on building a smaller number of great (and great value) smartphones that consumers love. Both the Moto G and the Moto X are doing really well, and I’m very excited about the smartphone lineup for 2014. And on the intellectual property side, Motorola’s patents have helped create a level playing field, which is good news for all Android’s users and partners.

— Larry Page, CEO
It probably helps lenovo to stand in front of compnanies like apple and samsung. With this deal, lenovo may be become the third largest smartphone maker company in the market. Last Thursday lenovo bought IBM's low-end server business in $2.3b billion. So This is the second major deal in the same week.

Lenovo said that they will paid $660 million in cash and give $750 million to american share company, $1.5 billion in the form of a three-year promissory note. They gets the current and future products, such as the Moto X smartphone, gets more than 2,000 patents and the Motorola trademark portfolio.

Read full story what CEO of Google Larry Page thinks about it :- Lenovo To Acquire Motorola Mobility


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