GearPop Blog

Google Sells Motorola for $2.9 Billion

Google has just closed a $2.9 billion dollar deal with Lenovo, giving up it’s rights to the Motorola brand, current and future Motorola products, over 2,000 patents, and Motorola’s trademark portfolio. The near $3 billion sale consists of $660 million in cash, $750 million of Lenovo stock, and $1.5 billion in a promissory note. This move to opt-out of the smartphone manufacturing business may have been Google’s plan all along…

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