Both lenovo and google have high expectations for motorola coming out of the acquisition motorola said the acquisition will help it to achieve the rapid growth it's looking for with the recent launches of moto x and moto g, we have tremendous momentum right now and lenovo’s hardware expertise and global reach will only help to accelerate this, motorola ceo dennis woodside said in a statement. Google will acquire motorola mobility holdings, the company announced monday, in a surprise move that for the first time puts the company squarely in the smartphone hardware — rather than solely.
Google will acquire motorola for approximately $40 per share in cash, or around $125 billion dollars, a premium of 63% to the closing price of motorola mobility shares on friday, august 12, 2011, according to google's press release. On august 15, google announced an agreement to acquire motorola mobility, based in libertyville, illinois, for $40 per share both companies’ boards of directors have approved the deal benefits of the deal google and motorola mobility together will accelerate innovation and choice in mobile computing.
Lenovo said thursday that it has closed its acquisition of motorola mobility, gaining a larger foothold in the us and other developed markets. Rarely does a company offload a $125 billion purchase for less than $3 billion and call the deal a success, but that's exactly what google's head of mergers and acquisitions don harrison called.
“we welcome the news of today‘s acquisition, which demonstrates that google is deeply committed to defending android, its partners, and the entire ecosystem” “this acquisition is more to. They were worried google would compete directly with them 4 motorola never made google any money 5 by ditching motorola, google can be a neutral, honest broker of operating systems to the world and make money doing so why lenovo bought motorola 1. Google's surprise decision to purchase motorola mobility last year has since cleared regulatory hurdles in the us and abroad, and the deal is expected to close soon as part of the acquisition.
Motorola mobility (or simply just motorola) is an american consumer electronics and telecommunications company based out of chicago, illinois, that was founded in 2011 motorola mobility is currently owned by lenovo after being purchased from google in 2014. After purchasing motorola for $125bn, it obtained the motorola home and motorola mobility divisions google immediately sold the motorola home division to arris group inc for about $25bn google sold the motorola mobility division to lenovo for about $3bn motorola had $3bn in cash at the time google purchased it. In a bid to strengthen its mobile business, google announced on monday that it would acquire motorola mobility holdings, the cellphone business that was split from motorola, for $40 a share in cash, or $125 billion the offer — by far google’s largest ever for an acquisition — is 63 percent.
Rarely does a company offload a $125 billion purchase for less than $3 billion and call the deal a success, but that's exactly what google's head of mergers and acquisitions don harrison called the motorola deal.
Google sold the remnant of motorola's mobile phone operations to lenovo yesterday, getting the world's dominant mobile os company out of the business of making mobile phones this is a good move.