Motorola Mobility will soon be a Chinese company, after Google announced Wednesday it is selling the struggling U.S. cellphone maker to Chinese computer maker Lenovo for almost 3 billion dollars. With the move, the internet search giant steps out of the smartphone manufacturing business for good. The sale price is a lot lower than the 12-point-5 billion that Google paid for Motorola in late 2011,... but Google shares rose 2-point-6 percent in after-hours trading on optimism that the company had ditched a business that was nothing but a drag on its earnings. It seems like a win-win scenario for both sides, as Lenovo gets the Motorola brand and current and future products, including the Moto X smartphone. The Chinese company will also acquire more than 2,000 patents and the Motorola trademark portfolio,... making the new Motorola a potentially dangerous competitor in the global smartphone market.

• published: 30 Jan 2014
• views: 8