Google to sell Motorola Mobility to Lenovo for $3 billion: Confirmed
In a strange twist, it has just been reported that Google is set to sell Motorola Mobility to Lenovo for a sum of 3 billion dollars. Google purchased Motorola in 2012 for a sum of 12.5 billion. From the surface, it seems like it’s a loss of 9.5 billion if the deal does go through, but there’s more to it. Lenovo has purchased patents and parts of IBM in the past, and have been linked with a bid for Blackberry among others as recently as last year. This news in particular comes as a major shock to us because Motorola was just turning things around with the Moto X, G and their wide variety of customizations.