As on October 30, 2014 Lenovo finishes the final step to buy Motorola from Google. Which we have previously informed you through post. Here is the complete financial details of acquisition of Motorola by Lenovo.
Lenovo bought motorola as per their strategy “Protect and Attack” as in Lenovo’s own words. Source – Lenovo Motorola Final Presentation > Link
Lenovo claims to attack Mobile Internet and Digital Home (Smartphones) industry with worlds 3rd large mobile brand. Lenovo has published about its cost and value invested on purchase of Motorola. We have shared the same with official link.
“The total purchase price at close was approximately US$2.91 billion (subject to certain post-close adjustments), including approximately US$660 million in cash and 519,107,215 newly issued ordinary shares of Lenovo stock, with an aggregate value of US$750 million, representing about 4.7 percent of Lenovo’s shares outstanding, which were transferred to Google at close. The remaining US$1.5 billion will be paid to Google by Lenovo in the form of a three-year promissory note. A separate cash compensation of approximately US$228 million was paid by Lenovo to Google primarily for the cash and working capital held by Motorola at the time of close.” – Source Lenovo Newsroom
The process started early this year. Lenovo published first news on 29th January 2014, titled “Lenovo to Acquire Motorola Mobility from Google“.
While all the Brand Names, Trademarks and products of past and future will be properties of Lenovo and the patent transfer from Google has been started. In words of Google’s CEO Larry Page, ““Motorola is in great hands with Lenovo, a company that’s all-in on making great devices.”
Thanks for reading. Keep exploring for more on technology.