Google To Sell Motorola For $2.91 Billion
Thursday, January 30, 2014
Google has agreed to sell Motorola to the Chinese technology giant Lenovo. This comes just two years after Google paid $12.5 billion to buy the company.
Google was counting that getting into the mobile cellphone business would pay off, but that didn’t happen. However, this isn’t a total financial loss for Google. The company is keeping billion of dollars’ worth of Motorola patents.