Google late Wednesday confirmed that it's selling Motorola Mobility to Chinese PC giant Lenovo for $2.91 billion, or less than a quarter of what it paid for the handset vendor in 2011. Motorola has brought nothing but troubles (and a lot of patents) to Google, with the company steadily losing money and market share. It also has caused headaches for other Android smartphone makers, especially Samsung.
Common wisdom tells you that unless we're talking about brand-new cars, selling something for just one-quarter of what you paid is a bad deal. It's even worse when the numbers are in the billions of dollars. But if we're talking about Motorola Mobility and Google, the "common" wisdom is wrong -- yet again.
In a surprise move Wednesday, Google unloaded Motorola Mobility's handset division and around 2,000 patents to Lenovo for what sounded like a fire sale price of $2.91 billion. Google had shelled out $12.5 billion, or about one-quarter of … Read more
Let's face it, Motorola's freshest crop of smartphones is pretty impressive, but still misses the mark. Even with Google's vast financial resources and software know-how, Moto devices haven't exactly sold like hotcakes. Now that Google has decided to hand off Motorola Mobility into the eager palms of Chinese hardware giant Lenovo, Moto could enjoy a much-needed course correction. … Read more
To Lenovo CEO Yang Yuanqing, Motorola is a "treasure," and will be treated as such.
"It's our treasure," Yang said during a conference call with reporters Wednesday. "We plan to not only protect the Motorola brand, but make it stronger."
Following the announcement that Lenovo would pay Google $2.9 billion to buy the unit, Yang shed some light on where he plans to take the Motorola business -- at least for the foreseeable future, not too far. Yang said Lenovo would operate both brands where appropriate. In China and emerging markets such … Read more
Google is unloading Motorola Mobility onto Chinese PC maker Lenovo.
Google confirmed on its site that it has sold Motorola for $2.91 billion, consisting of $660 million in cash and $750 million in Lenovo shares, with the remaining $1.5 billion paid in the form of a three-year promissory note. Reuters earlier reported on the deal.
Lenovo gets the Motorola brand, as well as its portfolio of devices, including the Moto X and Moto G. In addition, it will also receive more than 2,000 patent assets, while Google will retain control of a majority of the patents it … Read more
It's no overstatement to say that the Motorola Moto X was among the best phones of 2013, offering lots of cool features and a customizable design. It won raves from critics and users alike.
And now it's on sale: You can get an unlocked, no-contract Moto X (16GB) for $329.99 shipped or the 32GB version for $379.99 -- a savings of $70. (Note that you won't see either price until you get to checkout and select the "GSM unlocked," Sprint, or Verizon option.)
The big fun of the Moto X, of course, is … Read more
The long and bitter battle between Google's Motorola Mobility and Intellectual Ventures, a mega patent-holdings company, has found its way to court.
Google and Intellectual Ventures were in court Thursday litigating whether Motorola violated three patents that Intellectual Ventures holds related to smartphone technology. Motorola has said that the asserted patents are invalid, and argues that IV is simply using its portfolio to sue companies and stymie innovation.
Intellectual Ventures has become a lightning rod of controversy and debate in the technology industry. The Bellevue, Wash.-based company has built up a massive trove of patents and has taken … Read more
Up until now, the most affordable way to get your mitts on an unlocked Android smartphone was the Motorola Moto G. For true 'droid diehards though, the device's software, which is only slightly tweaked by Motorola, may not be quite pristine enough. Enter the new Moto G Google Play Edition (GPE). Priced at the same incredibly low price as the first Moto G, $179 (8GB) and $199 (16GB), this model offers completely unadulterated Android 4.4 KitKat at bargain basement rates.
Of course the Moto G GPE also proves the old maxim that there's no such thing as … Read more
LONDON -- Motorola is bringing its flagship Android phone to Europe. The Moto X will go on sale in the UK, France and Germany on February 1 for £380 or 399 euros, SIM-free, the company announced Tuesday.
Previously available only in the US, Canada and Latin America, the Moto X follows the low-cost Moto G to Europe. It will be available on contracts starting at £25 per month in the UK.
You'll be able to buy the Moto X in black from UK retailers Phones 4U, Carphone Warehouse, O2, Amazon and Techdata, with Phones 4U bagging an … Read more
Motorola has sweetened the deal a bit more for buyers of its Moto X.
After reducing the Moto X's off-contract price last week, the Google-owned handset maker announced Thursday that it would throw in a free Chromecast wireless video-streaming dongle with purchases of the off-contract handset. The deal, which runs through January 14, can be claimed on the $399 16GB and $449 32GB models.
The deal is an apparent attempt to get both devices in more consumers' hands. After a muffed Cyber Monday promotion that offered the Moto X for $349 resulted in a do-over, the company has been … Read more