9 months in the past, Google surprised the arena by way of pronouncing that they had sold Motorola to Lenovo for just under $3 billion. As consistent with all offers like this, it takes time to cross thru all of the regulatory approvals, and lately the deal is ultimate. We can now formally seek advice from Motorola as a Lenovo corporate.
The plan is nonetheless to stay Motorola as an entirely-owned subsidiary, and their headquarters will stay in Chicago. Whether all 2,800 workers out of that headquarters are protected is still noticed although. And in case you needless to say, Google retained Motorola’s deep assortment of patents.
“Today we accomplished a ancient milestone for Lenovo and for Motorola – and in combination we're in a position to compete, develop and win within the international telephone marketplace. By construction a robust quantity 3 and a reputable challenger to the highest in smartphones, we will be able to provide the marketplace one thing it has wanted: selection, festival and a brand new spark of innovation,” stated Yang Yuanqing, chairman and CEO, Lenovo.
“Motorola is in nice palms with Lenovo, an organization that’s all-in on making nice units,” stated Larry Page, CEO, Google.
Did Motorola finally discover a house with Lenovo or is Motorola destined to be bought another time? Let us realize within the feedback.
resources: Lenovo / Motorola
Come remark in this article: Lenovo’s acquisition of Motorola is finally complete