30 Jan '14, 8am

Lenovo acquires Motorola Mobility. Google to keep most of Motorola Patents

Lenovo acquires Motorola Mobility. Google to keep most of Motorola Patents

Google is selling off its Motorola Mobility to Lenovo, marking an end of its direct handset business. The deal costing close to US$ 3 billion will give Lenovo a massive boost especially in the US market. Lenovo will be paying Google US$660 million in cash, US$750 million in stock and the remaining in 3 years instalment. Not all is gone for Google as they will be retaining most of Motorola’s valued patents with about 2,000 patents to be acquired by Lenovo.

Full article: http://www.soyacincau.com/2014/01/30/lenovo-acquires-moto...

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