Lenovo completes Motorola acquisition from Google
Today, Lenovo announced that its acquisition of Motorola from Google is complete. The deal cost the Chinese company $2.91 billion and was announced in late January. Motorola remains headquartered in Chicago and it's brand is intact, but it's now a "Lenovo company".
Lenovo will operate Motorola as a wholly-owned subsidiary. It owns the brand and the company's portfolio, including current products like the Moto X (2014), Moto G (2014) and the Moto 360.
"Today we achieved a historic milestone for Lenovo and for Motorola – and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation," said Yang Yuanqing, chairman and CEO, Lenovo.
Motorola has nearly 3,500 employees around the world, 2,800 of them are based in the US. As for the company's patents, Google will maintain ownership of the majority of them with Motorola having a license to use them. Motorola does retain 2,000 patents, however.
Reader comments
- Anonymous
- 7XX
I hope this time, Lenovo can deliver Android version updates as immediate as how Motorola brings timely version updates to thier phones. With this kind of deal, that could not be too far from possibility. Now, it's their call if they are going to rel...
- Anonymous
- 7XX
As I read 'a Lenovo company', I only see Motorola as being a 'subsidiary'. No harm done, 'yet'. I believe, Motorola's current products, including Nexus 6 and Droid Turbo/Moto Maxx, are not produced by Lenovo - could anyone please confirm this for me?...
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