Written by Shailendra Pandey 17 August The acquisition will however, not only have an impact on the handset market but possibly will also have a big impact on the mobile services market.
Lenovo will operate Motorola as a wholly-owned subsidiary. With the completion of the acquisition, Lenovo welcomes the addition of a new portfolio company with nearly 3, employees around the world — including about 2, in the U. 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: Lenovo has a clear strategy, great global scale, and proven operational excellence.
Motorola brings a strong presence in the U. This is a winning combination.
Rick Osterloh, a Motorola veteran, will remain president and chief operating officer of Motorola. Beyond smartphones, the Moto watch has captured consumer attention and established Motorola as a company expanding into emerging mobile device areas. As previously stated, Lenovo expects to make the Motorola business profitable in four to six quarters.
Motorola will retain over 2, patent assets and a large number of patent cross-license agreements, as well as the Motorola Mobility brand and trademark portfolio.Google acquired Motorola Mobility, including its approximately 17, patents for $ billion in May (all figures in US dollars).
They sold the set-top box business (and 1, patents) to Arris in December for $ billion in cash and stock. Nerval's Lobster writes "Even before the Google acquisition, Motorola Mobility was engaged in a major legal battle with Microsoft, insisting that the latter needed to pay around $4 billion per year if it wanted to keep using Motorola's patents related to the H video and WiFi standards.
(T. Shop the latest Chromecasts, Phones, Speakers & Laptops at Google Store. Buy Pixel 3, Google Home Hub, Pixel Slate, Google Wifi, and more! Search the world's information, including webpages, images, videos and more.
Google has many special features to help you find exactly what you're looking for. ‘The toothbrush test’ Even when Google was small, it wasn’t shy about spending. The company’s first startup acquisition, the purchase of Pyra Labs, forms the backbone of what is today.
Aug 16, · Google Copies Apple with Motorola Acquisition By Eliot Van Buskirk Google announced that it will buy Motorola Mobility on Monday morning, another play that seems borrowed from Apple's playbook.