Wednesday, January 29, 2014

Google to Sell Motorola Mobility to Lenovo for $2.91 Billion

Google agreed to sell its Motorola Mobility subsidiary to Lenovo for $2.91 billion.  The deal will require approval from U.S. and Chinese regulators.

Google, which acquired Motorola Mobility in April 2011 for $12.5 billion, said it will retain the majority of Motorola's patents in order to defend the Android ecosystem.  The sale of Motorola enables Google to ensure a more level playing field for Android.

http://googleblog.blogspot.com/

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