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Lenovo to buy Motorola division at Google for $2.91B

Matt Hamblen | Jan. 30, 2014
But Google will retain ownership of most of the Motorola Mobility patent portfolio.

"Google got what they wanted from Moto," said Jack Gold, an analyst at J. Gold Associates. "They got patents, engineers and insight. Moto as a device manufacturer was never really strategic to Google. They don't need to be in the device business and it got them into some hot water with their leading manufacturers. This gets Google out of a business that they don't have a chance of making any real money in. I think this was the plan all along. "

Lenovo will benefit by gaining the Moto phone engineers for global sales, Gold added. "This is a win for Google and a win for Lenovo, in my opinion," he said. "I don't think Lenovo is done yet with acquiring markets and market share companies."

 

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