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Old 01-29-2014, 04:07 PM   #1
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Lenovo nears $3 billion deal to buy Google's Motorola unit

http://www.reuters.com/article/2014/...A0S1YN20140129

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(Reuters) - China's Lenovo Group is nearing a deal to buy Google Inc's Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc.
Lenovo is in the final stages of talks to buy the Google division that makes the Moto X and Moto G smartphones, as well as certain patents, the sources said.
A sale of Motorola would mark the end of Google's short-lived foray into making mobile devices and a pullback from its largest-ever acquisition. Google bought the U.S. cellphone giant in 2012 for $12.5 billion but has struggled to revamp the money-losing business.
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Old 01-29-2014, 04:50 PM   #2
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Not sure how I feel about this. I want Motorola to remain a Google company, but then again, Lenovo makes some quality products. I just worry that the corporate culture will be vastly different from Google.

Also, the price seems low. Sure, Motorola hasn't made Google that much money, but Google didn't buy Motorola for the money. It was all about the patents, and now they want to turn around and sell it for a 75% discount? Maybe the patents aren't included in the sale.
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Old 01-29-2014, 04:57 PM   #3
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Not sure how I feel about this. I want Motorola to remain a Google company, but then again, Lenovo makes some quality products. I just worry that the corporate culture will be vastly different from Google.

Also, the price seems low. Sure, Motorola hasn't made Google that much money, but Google didn't buy Motorola for the money. It was all about the patents, and now they want to turn around and sell it for a 75% discount? Maybe the patents aren't included in the sale.
Supposedly some patents are included

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Old 01-29-2014, 04:57 PM   #4
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Is this good?
Is this bad?
Does this mean different OS on Motorola products?
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Old 01-29-2014, 05:07 PM   #5
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Just saw news story on www.WRAL.com that was just updated that Lenovo IS buying Google's mobile phone unit for $2.9B.
My stupid phone will not let Me C&P or copy link.
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Old 01-29-2014, 05:08 PM   #6
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Is this good?
Is this bad?
Does this mean different OS on Motorola products?
Lenovo already makes Android devices so most likely little will change in the short term. May help give Android more market share in China though.

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Old 01-29-2014, 06:09 PM   #7
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Yup its official

http://www.engadget.com/2014/01/29/l...=rss_truncated

but they keep most the patents and the skunkworks woot!
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Old 01-29-2014, 08:21 PM   #8
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Does this mean no Google powered cable boxes?
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Old 01-29-2014, 09:38 PM   #9
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They bought for $12.5B and now selling for under $3B?


Oooookay I wish I had 10B to play with and waste

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Old 01-29-2014, 10:26 PM   #10
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They bought for $12.5B and now selling for under $3B?

Oooookay I wish I had 10B to play with and waste

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Google is not selling the intellectual property rights. There's no doubt that the IP was the more valuable part of the company.
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Old 01-30-2014, 05:35 PM   #11
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Does this mean no Google powered cable boxes?
I don't think that was ever going to be a thing. I wanted so badly for it to be, but I lost all hope the minute I heard about them selling the division of Motorola that made those.

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They bought for $12.5B and now selling for under $3B?


Oooookay I wish I had 10B to play with and waste

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Now that we know that Google is keeping most of the patents, the number isn't that bad. Remember, they also sold off the other division of the company shortly after they took ownership, and they had some cash reserves and stuff that were included in the original sale.
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Old 01-30-2014, 05:38 PM   #12
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Does this mean no Google powered cable boxes?
That was never going to happen that part of moto is still its own company

http://en.wikipedia.org/wiki/Motorola_Solutions makes the cable boxes (note the more plain classic motor logo which is found own its cable boxes)
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