Google sells Lenovo's Motorola Mobility

It seems that the Chinese company Lenovo has very good reserves of money, because only recently this company bought the server business from IBM for $ 2.3 billion , and now spends almost $ 3 billion more to buy Motorola Mobility. Thanks to the purchase, the Chinese company has a very wide access to the American market.

It seems that Google has decided to sell Motorola in parts, leaving itself a patent portfolio of this company. It is worth noting that the "Corporation of Good" bought Motorola for 12.5 billion dollars in 2012. A little later, Google sold the division of this company, producing television set-top boxes, for 2.5 billion. By the way, then, in 2012, Google announced plans for the purchased company , and some of them were even completed.
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Now, Google will get another 2.91 billion dollars. With Motorola, the company receives 2,000 patents and a license to use the remaining “Motorola” patents by Google. Not bad for Lenovo, because with such an asset, the Chinese company is becoming quite a serious player in the smartphone market (this company was not the weakest in this market, by the way). It is worth noting that Lenovo will pay for the purchase partly in cash ($ 660 million), partly in shares (750 million), and then another 1.5 billion in cash (over 3 years).

In its appeal to the employees of this company, Google announced that it considers it a better fate for Motorola to work for Lenovo, where Motorola Mobility will be able to fully and completely immerse in the development and production of smartphones - that this company does best.

Via theverge