It’s confirmed: Google is selling Motorola to Lenovo for $2.91 billion. The company made the announcement in a blog post that claims is an “important move for Android users everywhere.” Google CEO Larry Page said that the decision to sell would not only help Lenovo in the smartphone race, but also let his company focus on driving innovation within the Android ecosystem.
The $2.91 billion that Google is getting is just a fraction of what it paid for Motorola back in 2011. Back then, Page said that the acquisition would be used to “supercharge the Android ecosystem”. The Google-owned, but independent Motorola wound up launching several smartphones that have received quite a bit of attention, including the Moto X.
As a result of the deal, Lenovo will be keeping Motorola’s brand, but Google will retain the majority of its patents that will be used to “defend the entire Android ecosystem.” One can’t help but think that even amid Google statements saying that the Motorola acquisition would help lead to more prosperity within the Android ecosystem, it ultimately wound up as a ploy to grab much-desired patents.
Page cautioned that today’s move has yet to be reviewed by US and China regulators and also comes on the eve of the company’s quarterly earning.
More to follow. Please refresh for updates.
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