Google is letting Lenovo take Motorola Mobility off its hands after acquiring the company in 2012. In a blog post Wednesday (Jan. 29), the search engine giant announced that it’s selling Motorola to the Chinese PC manufacturer for a cool $2.91 billion.
While Google is keeping most of Motorola’s patents, Lenovo will receive a license to its portfolio and other intellectual property along with over 2,000 patent assets. Lenovo will also get Motorola’s brand and trademark portfolio including the Motorola Moto X and Moto G smartphones which were developed under Google’s control.
Acquiring Motorola from Google will give Lenovo a strong presence in the smartphone market, as the Motorola brand is rated the #3 Android phone maker in the United States. “The acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a strong global competitor in smartphones,” chairman and CEO of Lenovo, Yang Yuanqing said in statement.
According to CNET, Google’s motive behind purchasing Motorola for $12.5 billion in 2012 was to give it and its partners protection against Apple in the never-ending patent wars. Although most of the legal battles are between Samsung and Apple, Google has a long term relationship with the Korean manufacturer. Samsung and Google recently struck a 10-year cross licensing patent deal that sends a subtle message to Apple. The mutually beneficial partnership is an effort to push innovation forward without all of the legal drama, "showing the rest of the industry that there is more to gain from cooperating," Head of Samsung’s Intellectual Property Center, Dr. Seungho Ahn said.
With Google handing Motorola Mobility over to Lenovo, it can now turn its focus towards the advancement of Android development for the sake of technology and consumers. “Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem. This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere,” CEO of Google, Larry Page said.