The Google Inc has recently confirmed on their site that they have sold Motorola for $2.91 billion, and consisting of $660 million in cash and the rest $750 million in Lenovo shares, with the remaining $1.5 billion paid in the form of a special three-year promissory note. The Reuters had earlier reported on the hyped deal.
The Lenovo gets the hold of Motorola brand, as well as to its portfolio of devices, including the Moto X and the Moto G devices. In addition to it, it will also receive more than around 2,000 patent assets, while the Google Inc. will retain the control of a majority of the patents it had originally obtained when it acquired the Motorola Mobility Inc. several years ago.
A special deal instantly gives Lenovo, which has already got a thriving smart phone business in China but also a few other places, an established global brand. Google, meanwhile, is going to shed a business which has continually dragged down its profits.
Previously, the handset side of Motorola, however, had always been a stress point between the Google Inc. and its partners. While Google had said, it always maintained a division between their Android group and the Motorola mobile unit. Some other vendors have privately expressed an irritation that a partner was also a competitor.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.