In May 2012, Google acquired Motorola for $12,5 billion. Today it sells it for 9 billion less than the purchase price, even if it will keep the majority of the 10 patents on the model portfolio.
The operation definitively marks the landing of Lenovo on the smartphone market, after the failed agreement with Blackberr last November. The Chinese company has been number 1 in the world in PCs for a year and has the great opportunity to consolidate itself with Apps in North America, Latin America and Western Europe.
"The acquisition of an iconic brand will make Lenovo a strong global competitor for smartphones," said Lenovo CEO Yang Yuanqing. We are confident that we can combine the best of both companies to create products that customers will love."
