Linked by Thom Holwerda on Wed 29th Jan 2014 22:25 UTC, submitted by bowkota

Google is selling Motorola Mobility to Lenovo, giving the Chinese smartphone manufacturer a major presence in the US market. Lenovo will buy Motorola for $2.91 billion in a mixture of cash and stock. Google will retain ownership of the vast majority of Motorola's patents, while 2,000 patents and a license on the remaining patents will go to Lenovo. Lenovo will pay Google $660 million in cash, $750 million in stock, with the remaining $1.5 billion paid out over the next three years.


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Whoa, crazy!
by Luke McCarthy on Thu 30th Jan 2014 00:40 UTC
Luke McCarthy
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Motorola Mobility is being passed around like a cheap whore. I guess we won't be seeing any more great phones like Moto G or X any more. What is Google up to?

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