Google To Sell Motorola To Lenovo for 2.9 billion...Paid 12.4 Billion....Google will keep the patents
[link to www.fiercewireless.com] Google (NASDAQ:GOOG) will sell its Motorola Mobile division to China's Lenovo for $2.91 billion, the companies announced. That price is far below the $12.4 billion Google paid for Motorola and its patents in 2011.
However, Google said it will retain the "vast majority" of Motorola's patents as part of its deal with Lenovo. When Google purchased Motorola, the company said that fully $5.5 billion of the deal was based on the value of Motorola's trove of 17,000 wireless patents.