Is Motorola still owned by Google?
Is Motorola still owned by Google?
Well this is unexpected. Google is selling Motorola, the iconic handset maker it bought for $12.5 billion in May of 2012, to Chinese PC maker Lenovo for $2.91 billion. Google CEO Larry Page has penned a short note about the sale, but he doesn’t get into details. Here’s why the deal makes sense.
Why did Google’s acquisition of Motorola fail?
The decision to buy a major phone-maker, with the inevitable low margins and complex manufacturing operation, never seemed convincing. Most analysts believed Google simply wanted Motorola’s 17,000 technology patents. Owning them would help Google defend its Android operating system from infringement attacks.
Why did Google buy Motorola and sell it?
“Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem,” Google CEO Larry Page said in a statement. “This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere.”
When did Google buy Motorola?
(NYSE: MMI) today announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011.
Who currently owns Motorola?
On August 15, Google announced an agreement to acquire Motorola Mobility, based in Libertyville, Illinois, for $40 per share. Both companies’ boards of directors have approved the deal.
Is Motorola owned by Chinese government?
Motorola Mobility LLC, marketed as Motorola, is an American consumer electronics and telecommunications company, and a subsidiary of Chinese multinational technology company Lenovo. Motorola primarily manufactures smartphones and other mobile devices running the Android operating system developed by Google.
Is Motorola still an American company?
Motorola, Inc., American manufacturer of wireless communications and electronic systems. In 2011 it split into two companies: Motorola Mobility and Motorola Solutions. Its headquarters are located in Schaumburg, Illinois.
Is Motorola going out of business?
We believe in the free flow of information But it was not always this way: Motorola was once the brand most associated with the mobile phone, and the firm whose products first popularised them. Now, a year after its purchase by Lenovo, the Chinese firm has announced the brand will no longer exist.