Why did Google sell Motorola to Lenovo?

In a statement, Google said the smartphone market was “super competitive” and that Motorola would “be better served by Lenovo”. The purchase is set to make Lenovo the world’s third-largest smartphone maker behind Samsung and Apple.

Who owns Motorola now?

Lenovo
Motorola Mobility/Parent organizations

On January 29, 2014, Google CEO Larry Page announced that pending closure of the deal, Motorola Mobility would be acquired by Chinese technology company Lenovo for US$2.91 billion (subject to certain adjustments). On October 30, 2014, Lenovo finalized its purchase of Motorola Mobility from Google.

Are Lenovo and Motorola the same company?

Motorola, Inc. U.S. Motorola Mobility LLC, marketed as Motorola, is an American consumer electronics and telecommunications company, and a subsidiary of Chinese multinational technology company Lenovo. In January 2014, Google announced that it would sell Motorola Mobility to Lenovo for $2.91 billion.

Did Google buy HTC?

Google completes its $1.1B deal to buy a chunk of HTC’s smartphone division. Google has announced the completion of its $1.1 billion deal to buy a large slice of HTC’s hardware business. The acquisition was announced back in September 2017 but now it has passed the requisite approvals and is finalized.

How much did Google buy Motorola for?

On August 15, Google announced an agreement to acquire Motorola Mobility, based in Libertyville, Illinois, for $40 per share. Both companies’ boards of directors have approved the deal.

Why did Google buy Motorola?

Google had some fancy reasons for buying Motorola like making a more pure Android phone and making money, but the real reason they bought it was to shore up their patent portfolio. Google never wanted to be competing with their OEMs and the top Android manufacturers were already looking elsewhere because of it.

Does Google own Motorola?

Motorola Mobility (or simply just Motorola) is an American consumer electronics and telecommunications company based in Chicago, Illinois, founded in 2011. Motorola Mobility is currently owned by Lenovo after being purchased from Google in 2014.

When did Google buy Motorola?

Google first revealed its plan to buy Motorola Mobility in August 2011, but the $12.5 billion deal didn’t clear regulatory procedures until May 2012.