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.
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.
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.
We knew Google was quietly on its way to making facial recognition just a little bit better, but now it has finally confirmed what the world already knew. A Motorola Mobility spokesman states:
“Motorola Mobility today announced that it has acquired Viewdle, a leading imaging & gesture recognition company.
In August, Google’s Motorola Mobility filed a patent-infringement lawsuit against Apple with the U.S. International Trade Commission (ITC), asking the ITC to basically ban the import of virtually all of Apple’s hardware products. A few weeks ago, the ITC decided to formally investigate these claims.
Google new Motorola files case against Apple on ITC Mobility and Motorola have not fought for at least 2010 right after licensing talks. Apple has said Motorola Mobility is imposing, and argues that mobile phones from Motorola Mobility and other handset suppliers, which made the water … Read much more about
A judge in a U.S court has dismissed a case brought by Apple against Google-owned Motorola Mobility. Apple had complained Motorola was seeking excessive royalties for standards-essential patents. It’s another small blow for Apple in its legal war against Android.
Google (NASDAQ: GOOG) has begun handing pink slips to some 1,200 Motorola Mobility workers, or about 10 percent of its roster, according to a report in The Wall Street Journal, as the search giant struggles to plug the leaks and steady its behemoth acquisition.