Google has announced its agreement to sell the company, "Motorola", owned by it, to the company, "Lenovo", in a deal estimated at nearly 3 billion U.S. dollars.
The CEO of Google Larry Page said his company agreed to sell the "Motorola" peer 2.91 billion U.S., in a move described as being in favor of smart phone users, according to Arab news portal technology.
Larry Page said, through his official forums, that Motorola will work best with Lenovo, and separation from Google will allow his company to focus on developing a system "Android".
It is expected to pay Lenovo $ 600 million in cash for the company Google, in addition to 750 million U.S. dollars in the form of shares, and 1.5 billion dollars in the form of support payable over three years.
The amount of the acquisition of Lenovo on Motorola less than the amount that Google has agreed to pay in late 2011, to buy a manufacturer of mobile and smart devices, which then amounted to 12.5 billion U.S. dollars.
It will benefit Google patents for the company Motorola, which will retain most of the patents acquired upon completion of the acquisition of the company manufacturing mobile and smart devices, as you'll get to Lenovo in 2000 on the rights of a patent license and only access to the remaining patents.
And Lenovo will acquire full rights to sign " Motorola " brand , as well as all brands of the company manufacturing phones , in addition to management rights sale process current and future products produced by the company .
Google shares rose by 2.6 % immediately upon confirmation Larry Page on the sale of Motorola , where he was seen Investors to phone manufacturing company as one of the reasons for the losses to the company Google .
The company Lenovo will work in the coming period to obtain the necessary approvals to complete the transaction , where you do not get a deal on the acquisition of " Motorola " after any of the required approvals , both in the United States or China .
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