Lenovo on a Deal for Motorola Mobility from Google worth $2.9 BILLION
For the past few days, there has been a lot of rumors concerning the Google Motorola and Lenovo deal. But we are here to clearly issues concerning this as Chinese PC makers, Lenovo has finally struck a deal worth almost $2.9 billion to buy off Motorola’s smartphone unit from Google.
We have speculations that Google is planning on ending their Nexus line of smartphones in favor of Google Play edition smartphones. Back in 2011, we have it that Google acquired Motorola Mobility for a good sum of $12.5 billion, few years ago.
But during this periods under Google’s watch, Mototrola mobility released several smartphones including the Moto X and Moto G but, despite the heavy spending the smartphones were not big hits in the mobile phone market. while the Motorla has struggled to find their feet in the consumer market. But with this new development, we are made to believe that Google may finally be exiting the smartphone making scene.
According to sources, Google may still be keeping hold of lots of Motorola’s mobile patents, but Lenovo has now the Motorola legacy on its side,as it prepares to enter the US market which will be a big boost in making high end consumer devices.