Last week, after the purchase of Motorola was announced, Lenovo’s CEO spoke about the acquisition. He explained that he approached Google’s Eric Schmidt in 2012 after missing out on Motorola in 2011 (when Google bought the company). Today, we have learned why Lenovo failed to buy Motorola in 2011.
It was because they were talking to the wrong Motorola.
Motorola is now officially two companies, after having been & tangled in its own underwear,& in the words of one analyst. Motorola Mobility will be focused on smartphones and tablets while Motorola Solutions will produce a range of enterprise solutions including 4G wireless equipment....
Following the split of Motorola to form Motorola Mobility and Motorola Solutions earlier this year, Motorola Mobility has been acquired by Google. This is Google's biggest acquisition and signals its intention to become as dominant in the smartphone market as it is in search.
Motorola finally confirmed that they will be splitting into 2 independent, publicly traded companies by the first quarter of 2011. One will be dealing with Mobile Devices and Home Businesses that will be targeting growth opportunities from convergence of mobility, media and the Internet.
Motorola held a decided low-key press conference today at Mobile World Congress. It was a snoozer. But! But Rick Osterloh, Motorola SVP, confirmed that the brand is still working on smartwatch development and there is another one on the way. Motorola was in fact one of the first firms to attempt a smartwatch.
Motorola and Verizon Wireless announced one of two expected high-end successors to the popular Motorola Droid phone. Running Android 2.1 (and soon 2.2) on a 1GHz TI OMAP processor, the Droid X has a 4.3-inch display with 854 x 480 resolution, an eight-megapixel camera, 8GB of flash plus a 16GB microSD card, and 3G mobile hotspot functionality, say the companies....
TechCrunch has confirmed reports that Lenovo is buying Motorola Mobility from Google. This is the division within Google that the company purchased in 2011 for $12.5 billion. Motorola Mobility will go to Lenovo for $2.91 billion.
Of that $2.91 billion, $1.41 billion will be paid at the close of the deal. $660 million will be comprised of US cash and $750 million in Lenovo ordinary shares.