Motorola Mobility Updates

[Sushubh]

not so much if you consider that skype is a profitable entity. motorola is not. of course, motorola has assets which skype does not have. so i guess the end comparison is hard. and 12B for motorola mobility looks huge if you consider the market cap of Nokia today... it seems to be 9.774B right now.

 

[Jaymin]

Hmmm. So Motorola does have that many patents? I mean last year they were not interested in acquiring the Nortel patents, which was a considerable miss as well!

 

[Sushubh]

more than 17000 patents.

 

[Jaymin]

I give up then!

 

[Sushubh]

https://broadband.forum/google-cutting-1200-jobs-motorola-mobility-6504/
apparently they have suspended whatever operations they were running in india indefinitely as well.

 

[Navjot Singh]

Lenovo To Buy Motorola Mobility From Google For About $3B

TechCrunch has confirmed reports that Lenovo is buying Motorola Mobility from Google. This is the division within Google that the company purchased in 2011 for $12.5 billion.
The terms of the deal have yet to be revealed but we’re hearing the price was near $3B.
According to our source, Google wanted to dump the assist for some time. The company had to hold off selling the division for tax reasons.Motorola Mobility’s performance has yet to live up to its purchase price. Since Motorola split and its consumer division went to Google, it has been a constant source of red ink. Motorola lost quite a lot of money: $248 million in the last quarter alone. Google sums this well, noting that the loss was “-21% of Motorola Mobile segment revenues.” Motorola lost $192 million in the year-ago quarter, so the trend here isn’t positive.

What the hell
Just when people were having hopes from Moto Devices.
THIS IS HUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUGE. ALSOOOOOOOOOOOOO BADDDDDDDDDDD.
Techcrunch has updated the article with this

Motorola Mobility will go to Lenovo for $2.91 billion.

And Google confirms it.

But the smartphone market is super competitive, and to thrive it helps to be all-in when it comes to making mobile devices. It’s why we believe that Motorola will be better served by Lenovo—which has a rapidly growing smartphone business and is the largest (and fastest-growing) PC manufacturer in the world. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere.As a side note, this does not signal a larger shift for our other hardware efforts. The dynamics and maturity of the wearable and home markets, for example, are very different from that of the mobile industry. We’re excited by the opportunities to build amazing new products for users within these emerging ecosystems.Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem. They have a lot of experience in hardware, and they have global reach. In addition, Lenovo intends to keep Motorola’s distinct brand identity—just as they did when they acquired ThinkPad from IBM in 2005.Google will retain the vast majority of Motorola’s patents, which we will continue to use to defend the entire Android ecosystem.The deal has yet to be approved in the U.S. or China, and this usually takes time. So until then, it’s business as usual.

 

[Deleted member 13033]

wow! wasn't expecting this....
how did u even manage to find this news

 

[Navjot Singh]

how did u even manage to find this news :tongue:

Meaning? You seriously asking this question?

 

[Deleted member 13033]

ya until unless u follow that site. Its not available on google top news until unless they are censoring it !

 

[Navjot Singh]

Facepalm. Its all over Twitter. Pouring every minute. Also go to any tech blog. Its on top. :/
An article already has been posted about Why Google sold it to Lenovo. lol.