Motorola has done a commendable job after being acquired by the search engine giant back in 2011. The two smartphones, Moto X and Moto G, have made a small dent in the Android ecosystem (not as big as other big players, but still).
Recently, Google has confirmed about selling Motorola Mobility to the Chinese OEM Lenovo for a whopping $2.91 billion, but it’s not as close to the price Google paid in 2011 to acquire the company which is almost 12.5 billion.
As a part of the deal, Google will keep hold of the Motorola’s patent portfolio while Lenovo will get the Motorola brand as well as its existing line of smartphones and the future product roadmap. The interesting part of the acquisition is that Lenovo will “keep Motorola’s distinct brand identity.”
The deal is still awaiting approval from the regulatory authorities in China and America, and will finalize in the coming months. Out of the $2.91 billion, Google will get $1.41 billion when the deal closes, out of which $660m will be cash and $750m will be Lenovo ordinary shares. The remaining $1.5bn will be paid in the form of a three-year promissory note.
Now, it remains to be seen whether Lenovo will keep the stock Android experience on their smartphones or add their own customizations.Filed Under: Technology News, Top News