The Chinese giant is now the world's third largest smartphone manufacturer - The two brands will coexist: Motorola in the USA, Latin America and Europe; Lenovo in the rest of the world.
Following the sale of Motorola smartphones, Google received 618,3 million Lenovo shares, equal to 5,94% of the capital, for a total of 750 million dollars.
Chinese company buys Motorola for $2,91 billion, but Mountain View will retain majority of patents - Lenovo makes leaps and bounds with smartphones after Blackberry pressure
The Mountain View giant goes beyond the touch screen and puts on the market a mobile phone that can be used entirely with the voice - The device is entirely manufactured by Motorola, which recently passed into the hands of Google, in the United States…
Approximately 300 million dollars of charges relate to severance costs and will weigh on Google's third quarter balance sheet - The group will also spend 90 million dollars through 2013 for plant closures.
It will also close a third of Motorola's 94 offices around the world - The goal is to return the company to profit.
The Mountain View giant will come into possession of over 17.000 patents and according to Commissioner Almunia "the possible abuse remains a concern" - Now the ball passes to the US Department of Justice, which should give the green light within…
Difficult moment for the Cupertino company: after Samsung overtook smartphone sales, the German court agreed with the company recently acquired by Google for patent infringement. Now the bitten apple risks serious repercussions…