It seems like it was just yesterday that Google acquired Motorola for $12.5 billion. But now Reuters is reporting that China’s Lenovo Group is in the final stages of talks to buy Motorola’s handset division from Google for $3 billion. The report says than an announcement could come as soon as today.
China Daily is reporting the same, though it says the acquisition is “worth at least $2 billion” and “will include more than 10,000 mobile communications patents.” When Google bought Motorola, it claimed the deal was primarily to obtain the company’s patent portfolio.
Motorola has continued to report shrinking revenues, even after Google’s acquisition. Still, this would be a major write-down for the company, and whether or not it actually happens remains to be seen.
via Gigaom http://ift.tt/1mYY4R0
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