Smartphones And Mobiles
Today Google CEO Larry Page announced that Lenovo will acquire the Motorola Mobility smartphone business for about $2.91BN.
Since being acquired by Google in 2012, Motorola has transformed itself, focusing on solving real consumer problems and providing amazing experiences built on a foundation of pure Android. The result has been Moto X, Moto G, and a reinvigorated Droid line. Together, these devices have won over consumers and critics alike and helped re-establish the Motorola brand around the world.
Now, as we set our sights bringing the mobile Internet to the next 100 million people, Lenovo is the perfect partner to help us achieve that goal. As Larry wrote in his post,
?Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem. They have a lot of experience in hardware and they have global reach. In addition, Lenovo intends to keep Motorola?s distinct brand identity--just as they did when they acquired ThinkPad from IBM in 2005.?
Combined, our two challenger brands will become a true force in mobility. Per Yang Yuanqing, chairman and CEO of Lenovo,
?We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business. Lenovo has a proven track record of successfully embracing and strengthening great brands ? as we did with IBM?s Think brand ? and smoothly and efficiently integrating companies around-the-world. I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future.?
Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures. As part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property. Additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.
The transaction is subject to customary closing conditions, including regulatory approvals in the U.S. and China. You can find more information in the press release.
We look forward to a new chapter and bright future with a new brand steward.
Posted by Dennis Woodside
- Motorola?s Next Chapter As A Brand
As we work closer together, Motorola and Lenovo are aiming to streamline our overall product portfolio and focus on two product sub-brands -- Moto and Vibe (known as Le Meng in China). In the last day or so, many articles and blog posts have focused...
- Hello, Lenovo!
Today, Motorola Mobility becomes part of the Lenovo family of companies, and we are thrilled. Over the past two years we have transformed Motorola by focusing on what matters most -- consumers. We?ve made huge strides in bringing the mobile Internet...
- Some Changes In Our Leadership
We?re in a very exciting time at Motorola Mobility. Our recent devices are delivering unprecedented value to consumers and have had a great reception in the market, with Moto G officially the best selling smartphone in our history. Moto E is meeting with...
- A Moto Insider To Lead Us Forward
We?re excited to announce that Rick Osterloh has been named as President and COO of Motorola Mobility. Rick will assume the role today, reporting to the Motorola Operating Board at Google until the Lenovo acquisition is complete. Rick is a Silicon Valley...
- My Departure From Motorola
At the end of March I will step down from my post as CEO at Motorola Mobility to join Dropbox as COO. This was not an easy decision to make, but I leave knowing that Motorola is in great hands - now and in the future. In the last 18 months, Motorolans...
Smartphones And Mobiles
Motorola to Join Lenovo to Create a Truly Global Smartphone Company
Today Google CEO Larry Page announced that Lenovo will acquire the Motorola Mobility smartphone business for about $2.91BN.
Since being acquired by Google in 2012, Motorola has transformed itself, focusing on solving real consumer problems and providing amazing experiences built on a foundation of pure Android. The result has been Moto X, Moto G, and a reinvigorated Droid line. Together, these devices have won over consumers and critics alike and helped re-establish the Motorola brand around the world.
Now, as we set our sights bringing the mobile Internet to the next 100 million people, Lenovo is the perfect partner to help us achieve that goal. As Larry wrote in his post,
?Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem. They have a lot of experience in hardware and they have global reach. In addition, Lenovo intends to keep Motorola?s distinct brand identity--just as they did when they acquired ThinkPad from IBM in 2005.?
Combined, our two challenger brands will become a true force in mobility. Per Yang Yuanqing, chairman and CEO of Lenovo,
?We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business. Lenovo has a proven track record of successfully embracing and strengthening great brands ? as we did with IBM?s Think brand ? and smoothly and efficiently integrating companies around-the-world. I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future.?
Google will maintain ownership of the vast majority of the Motorola Mobility patent portfolio, including current patent applications and invention disclosures. As part of its ongoing relationship with Google, Lenovo will receive a license to this rich portfolio of patents and other intellectual property. Additionally Lenovo will receive over 2,000 patent assets, as well as the Motorola Mobility brand and trademark portfolio.
The transaction is subject to customary closing conditions, including regulatory approvals in the U.S. and China. You can find more information in the press release.
We look forward to a new chapter and bright future with a new brand steward.
Posted by Dennis Woodside
- Motorola?s Next Chapter As A Brand
As we work closer together, Motorola and Lenovo are aiming to streamline our overall product portfolio and focus on two product sub-brands -- Moto and Vibe (known as Le Meng in China). In the last day or so, many articles and blog posts have focused...
- Hello, Lenovo!
Today, Motorola Mobility becomes part of the Lenovo family of companies, and we are thrilled. Over the past two years we have transformed Motorola by focusing on what matters most -- consumers. We?ve made huge strides in bringing the mobile Internet...
- Some Changes In Our Leadership
We?re in a very exciting time at Motorola Mobility. Our recent devices are delivering unprecedented value to consumers and have had a great reception in the market, with Moto G officially the best selling smartphone in our history. Moto E is meeting with...
- A Moto Insider To Lead Us Forward
We?re excited to announce that Rick Osterloh has been named as President and COO of Motorola Mobility. Rick will assume the role today, reporting to the Motorola Operating Board at Google until the Lenovo acquisition is complete. Rick is a Silicon Valley...
- My Departure From Motorola
At the end of March I will step down from my post as CEO at Motorola Mobility to join Dropbox as COO. This was not an easy decision to make, but I leave knowing that Motorola is in great hands - now and in the future. In the last 18 months, Motorolans...