Google sells Motorola Mobility to Lenovo, which gives the chinese smartphone manufacturer a key to enter into the US market. Google had been losing hundreds of millions every quarter since the purchase of Motorola, and it appears it’s finally time to cut loose.
Google believes Lenovo can turn Motorola into a major player in the Android ecosystem. Lenovo has always been known to be able to scale companies after acquisition.
— A Googler (@google) January 29, 2014
Google initially bought Motorola for $12.5 billion in 2012, it was said that google was interested in owning all the company’s patents. The sale to lenovo will not include the Motorola’s Advanced Technology and Projects.
In a email to employees, which has been leaked to TechCrunch, Larry Page said that he believes Motorola will do better under a company that can fully commit to a focus on smartphones.
Google CEO Larry Page said
“Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem, This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere. “