Not even three years after Google bought wireless device biggie Motorola for $12.5 billion comes news that it’s nearing a deal with Lenovo to take the manufacturer off Google’s hands for a fraction of that amount.
Reuters reports that Beijing-based Lenovo is looking to pay $3 billion for the handset maker recently responsible for Google’s Moto X and Moto G smartphones.
Lenovo is in the final stages of talks to buy the Google division that makes the Moto X and Moto G smartphones, as well as certain patents, the sources said.
Google’s purchase of Motorola, begun in 2011 and closed in spring of 2012, was an ill-fated attempt for the Internet giant to buy its way into the handset business in the hopes of going head-to-head with Apple.
Alas, while Google’s Android OS for smartphones and tablets continues to be very popular, the devices that were born out of the Motorola acquisition failed to catch fire with consumers.
Lenovo may have more luck with Motorola’s handset business, especially in China where the long-awaited release of Apple’s iPhone devices did not result in sales similar to what the company has seen elsewhere.
Likewise, the Motorola brand could help Lenovo crack the U.S. market, where it has virtually no market share among wireless users.
Motorola was founded more than 80 years ago in Schaumburg, IL, outside of Chicago. The company, started as Galvin Manufacturing, created the Motorola brand of car radios and subsequently changed the company name to match.
Through the decades, it added televisions and set-top boxes for cable companies. 30 years ago, it launched its DynaTAC series of wireless phones, becoming the first manufacturer of commercially available cell phones.
via Consumerist http://ift.tt/1mYVMRM
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