Google throws in the towel and sells Motorola to China’s Lenovo for $ 2.91 billion

by bold-lichterman

The Chinese giant has spent $ 2.91 billion, well below Google’s 12.5 billion in 2011. But the Mountain View giant retains … the patents.

It’s now official. Google throws in the towel in its romance with Motorola and sells the manufacturer to Lenovo for $ 2.91 billion (€ 2.13 billion), an amount well below the $ 12.5 billion it had to pay the giant of Moutain View two years earlier to acquire it. The price difference is explained by the conservation of patents – a gold mine – in the bosom of the American, the Chinese juggernaut recovering only the “telephone handsets” division.

“We acquired Motorola in 2012 to help supercharge the Android ecosystem by creating a strong portfolio of patents for Google and great smartphones for users,” said Larry Page, CEO of Google. In a market he describes as “super competitive”, he believes that “Lenovo has the expertise and a track record enough to make Motorola a major player in the Android ecosystem ”. This decision will allow Google to focus on the development of its mobile operating system and “stimulate innovation through the Android ecosystem”.

For the Chinese manufacturer, this is the second major operation of the month. Six days earlier, he had bought the entry-level server division from the American IBM for $ 2.3 billion.