Ad
related to: google and motorola mobility merger
Search results
Results From The WOW.Com Content Network
Google planned to operate Motorola Mobility as an independent company. [17] In a post on the company's blog, Google CEO and co-founder Larry Page revealed that Google's acquisition of Motorola Mobility was a strategic move to strengthen Google's patent portfolio. At the time, the company had 17,000 patents, with 7,500 patents pending.
On January 29, 2014, Google announced that it would divest Motorola Mobility to Lenovo for $2.91 billion, a fraction of the original $12.5 billion price paid by Google to acquire the company. Google retained all but 2000 of Motorola's patents and entered into cross-licensing deals. [348]
Looking back, it was really just a matter of time. Last year's acquisition of Motorola Mobility, for $40 a share, totaling a cool $12.5 billion, was a watershed moment for Google . Ostensibly ...
On December 19, 2012, Arris announced that it would acquire Motorola Mobility's home unit (the former General Instrument company) from Google for $2.35 billion in cash and stock. [18] [19] The acquisition was completed on April 17, 2013. [20] With that acquisition, Arris grew its presence in the set-top box market. [21]
The deal was officially announced in a blog post by Google CEO Larry Page, followed by a joint press release. Lenovo is Google, Inc. to Sell Most of Motorola Mobility to Lenovo for $2.9 Billion
All those who lamented Google's decision in 2012 to drop $12.4 billion on Motorola Mobility, easily its largest acquisition to date, as misguided and much too expensive are probably gloating today.
After being called Connected Home Solutions, it was renamed Home and Networks Mobility in 2007. When Motorola split on January 4, 2011, this division became part of Motorola Mobility. On December 19, 2012, ARRIS announced that it would acquire Motorola Mobility's Home unit (the former GI company) from Google for $2.35 billion in cash and stock.
Sometimes tech companies move in mysterious ways, and Google selling Motorola Mobility to Lenovo definitely seems like a perfect example of this. After spending $12.5 billion for Motorola less ...