Reginal Thomas
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Google Sells Motorola To Lenovo for $2.91 Billion

Google as agreed to sell Motorola to Lenovo for $2.91 billion. Google will continue to own a "vast majority" of around 17,000 patents that it acquired when it bought company in 2012 for $12.5 billion.

Last year Motorola released their first flagship phone since being a Google company, the Moto X, was well received. But it's still unclear how many units for the phone have been sold and Motorola has steadily lowered the price of the phone since it's launch.

Googles shares are up 2% in after hours trading.