Google Inc. on 29 January 2014 announced selling Motorola’s smartphone business (Motorola Mobility) to Chinese company Lenovo for $2.9 billion. The price of the sale makes Google’s biggest acquisition of Motorola look like its most expensive mistake. For what price Google acquired Motorola Mobility in 2012? – $12.4 billion (Motorola has lost nearly $2 billion since Google took over, while trimming its workforce from 20,000 to 3,800. Google had previously recovered some of the money that it spent on Motorola by selling the company’s set-top operations last year to Arris Group Inc. for $2.35 billion. On the other hand Lenovo now appears determined to become a bigger player in smartphones as more people rely on them instead of laptop and desktop computers to go online)
Posted on: Wed, 19 Mar 2014 04:31:35 +0000
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