Skip to main content

Lenovo Has Completed The $2.91 Billion Acquisition Of Motorola From Google


Lenovo has completed the $2.91 billion acquisition of Motorola from Google today. The deal, which was announced in January, comes just three years after Google itself shelled out $12.5 billion to buy the phone-maker.

Now a Lenovo subsidiary, Motorola will continue to be based out of Chicago with offices worldwide. Motorola Mobility President Rick Osterloh will retain in his position following the deal, with Liu Jun, Lenovo’s executive vice president and president of its Mobile Business Group, becoming chairman of the Motorola board.

Writing on Motorola’s company blog, Osterloh made a point of explaining that it will be business as usual despite the change in ownership:

“The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems. And we will continue to develop mobile devices that bring people unprecedented choice, value and quality.”

Yang Yuanqing, Chairman and CEO of Lenovo, spoke of the companies’ bold ambition to challenge Apple and Samsung:

“Today we achieved a historic milestone for Lenovo and for Motorola – and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation.”

Microsoft’s $7.2 billion acquisition of Nokia closed earlier this year and was almost immediately followed by a downscaling program that will ultimately see 18,000 redundancies before the end of this year. Motorola shed thousands of jobs under Google’s parentage — 4,000 in August 2012, over 1,000 in October 2012, and 1,200 in March 2013 — and the fact that Osterloh says Motorola will maintain its global offices suggests that there are no immediate job cuts.

IDC’s latest report ranked Lenovo fourth on smartphone shipments in Q3 2014, with fellow Chinese company Xiaomi ranked higher than it (third) for the first time. In addition to buying Motorola, Lenovo has more plans up its sleeve after it revealed this month that it will launch a Xiaomi-like smartphone business for the Chinese market in 2015.

Update: It’s worth noting that Lenovo and Motorola’s smartphone share combined is enough to surpass Xiaomi, according to IDC’s data. Although since the two brands are being kept separate, that’s really a technicality in our book.

Read More

Labels

Labels:

Popular posts from this blog

How To Hide Text In Microsoft Word 2007, Reveal It & Protect It

Sometimes what we hide is more important than what we reveal. Especially, documents with sensitive information, some things are supposed to be ‘for some eyes only’. Such scenarios are quite common, even for the more un-secretive among us. You want to show someone a letter composed in MS Word, but want to keep some of the content private; or it’s an official letter with some part of it having critical data. As important as these two are, the most common use could involve a normal printing job. Many a time we have to print different versions of a document, one copy for one set of eyes and others for other sets. Rather than creating multiple copies and therefore multiple printing jobs, what if we could just do it from the same document?  That too, without the hassle of repeated cut and paste. We can, with a simple feature in MS Word – it’s just called Hidden and let me show you how to use it to hide text in Microsoft Word 2007. It’s a simple single click process. Open the docum...
1 comment
Read more

Boom, the startup that wants to build supersonic planes, just signed a massive deal with Virgin

Have you heard about Boom? Boom is a relatively new startup that’s aiming to build something pretty crazy. They’re not building an app… or a social network… or even some new gadget for the Kickstarter crowd. Boom wants to build planes. Really, really, really fast planes. Specifically, they’re trying to design and build a supersonic passenger plane that goes 2.2x the speed of sound. If all goes to plan, they’ll be able to shuttle people from New York to London in 3.5 hours, and SF to Tokyo in 4.5. Sound crazy? I wouldn’t disagree. It’s worth noting that the company is in the very early days for something as intensive, massive, and hugely expensive as designing and producing a passenger aircraft. They’re still working on their first prototype, and hope to fly it by late next year. But it’s also worth noting that the team behind the plane has some serious talent in its blood: the company’s 11 employees have collectively contributed to over 30 aircrafts — having worked on thin...
Post a Comment
Read more

Fun Tools to Translate Your Name into Japanese Calligraphy

Japanese calligraphy is an artistic writing style of the Japanese language. Its Chinese origins can be traced back to the twenty-eighth century BCE. Calligraphy found its way into Japanese culture in 600 CE and is known as the karayo tradition. For Westerners, calligraphy is forever fascinating. However, it takes years to learn how to properly draw the signs. Two basic principles must be known to understand Japanese writing: there are different writing styles and different alphabets. Kaisho for example, is a writing style most commonly used in print media. Tensho on the other hand is used in signatures. Other writing styles are Reisho, Gyosho and Sousho. The alphabets include Kanji, Hiragana, and Katakana. Katakana is used for writing foreign words. It can also serve to highlight words, in analogy to capital letters as we know them from the Roman / Latin alphabet (Romaji in Japanese). Each Kanji character has a meaning of its own, while Hiragana or Katakana characters merely repres...
Post a Comment
Read more