Lenovo Explains Its $2.9 Billion Motorola Deal
- It’s Official: Lenovo Is Buying Motorola From Google for $2.91 Billion
- Would Selling Motorola to Lenovo Solve Some Big Problems for Google? Yes.
- Google and Lenovo Explain their $2.9 Billion Motorola Deal (Live Coverage)
- Buy High, Sell Low: Google’s Losing Bet on Motorola
- After Google Pressure, Samsung Will Dial Back Android Tweaks, Homegrown Apps
- Lenovo Won’t Get Regina Dugan’s Advanced Research Group in Motorola Deal
Google is swallowing a big loss in selling Motorola for $2.9 billion and Lenovo is taking a big risk in acquiring an iconic but troubled brand.
So why are they doing it?
We think we know why Google is selling. It can’t be a coincidence that Google has reached new accords with both Samsung and European regulators.
But Google and Lenovo will get to explain themselves firsthand in a conference call set to begin in just a few minutes.
Update: Well, looks like only Lenovo did the ‘splaining, as Google and Motorola are letting their blogs do the talking. Lenovo shared some details on its plans and confirmed that Regina Dugan’s advanced research unit is staying at Google.
In other tidbits from the call, the company plans to use both the Motorola and Google brands where they are strong, and intends to keep Google’s engineering talent in Chicago and the Bay Area but won’t comment on the future of U.S. manufacturing at the new Texas plant set up to make the Moto X.