Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Lenovo to acquire Motorola Mobility
Posted on 30-Jan-2014 11:03. | Tags Filed under: News.

Google CEO Larry Page announced that Lenovo will acquire the Motorola Mobility smartphone business for US$2.91 billion.

Since being acquired by Google in 2012, Motorola has transformed itself, focusing on solving real consumer problems and providing amazing experiences built on a foundation of pure Android. The result has been Moto X, Moto G, and a reinvigorated Droid line.

Lenovo, which in 2005 acquired IBM’s PC business and its legendary PC brand, will now acquire world-renowned Motorola Mobility, including the MOTOROLA brand and Motorola Mobility's portfolio of innovative smartphones like the Moto X and Moto G and the DROID Ultra series. In addition to current products, Lenovo will take ownership of the future Motorola Mobility product roadmap.

Larry Page post in the Google Official Blog says “Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem. They have a lot of experience in hardware and they have global reach. In addition, Lenovo intends to keep Motorola’s distinct brand identity--just as they did when they acquired ThinkPad from IBM in 2005.”

Yang Yuanqing, chairman and CEO of Lenovo commented “We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business. Lenovo has a proven track record of successfully embracing and strengthening great brands – as we did with IBM’s Think brand – and smoothly and efficiently integrating companies around-the-world. I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future.”

Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures. As part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property. Additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.

comments powered by Disqus

Trending now »

Hot discussions in our forums right now:

Gigabit cable now available
Created by sub, last reply by sleemanj on 21-Oct-2016 10:29 (40 replies)
Pages... 2 3

Incomprehensible Acer stupidity
Created by Rikkitic, last reply by gzt on 19-Oct-2016 22:33 (32 replies)
Pages... 2 3

screwing a gate post into concrete
Created by hattrick123, last reply by simon14 on 18-Oct-2016 14:05 (33 replies)
Pages... 2 3

Galaxy Note 7 Announcement and Owners' Thread
Created by eracode, last reply by julianz on 17-Oct-2016 12:20 (1188 replies)
Pages... 78 79 80

Who is this women? She is possibly the most famous women on the internet and nobody knows who she is.
Created by jimbob79, last reply by cynnicallemon on 20-Oct-2016 13:28 (14 replies)

Insane Noel Leeming pricing - $400 Micro SD card
Created by sidders80, last reply by joker97 on 20-Oct-2016 19:30 (27 replies)
Pages... 2

Is windows 10 anniversary update causing you problems
Created by robjg63, last reply by mdav056 on 20-Oct-2016 14:01 (27 replies)
Pages... 2

Don't worry about drugs. Helium possession is what will get you busted!
Created by Rikkitic, last reply by Rikkitic on 19-Oct-2016 11:11 (27 replies)
Pages... 2