Lenovo to Acquire Motorola Mobility from Google for $2.91 Billion
It wasn't too long ago when Google announced its intentions to acquire Motorola Mobility. Google wanted to turn it into a dedicated Android partner, and it's lived up to that promise ever since the deal was approved. However, something happened along the way, as Google is now selling Motorola Mobility to Lenovo for $2.91 billion. Google CEO Larry Page explains the sale is being done in order to help Google focus more on "driving innovation across the Android ecosystem," and so Lenovo can have a bigger place in the smartphone world. Lenovo is going to keep the Motorola brand intact, similar to how we still have ThinkPad computers after Lenovo acquired it from IBM. One thing Google plans to retain are most of the Motorola patents so it can better defend Android from any copyright claims.
The deal still needs approval in the U.S. and China, so until the two countries give the go ahead, everything is going to run just as it has. Once it does, Motorola Mobility will be in Lenovo's hands. Let's just hope it stays that way for a long time.
Source: Google Blog