🥶 Good morning! This is one of the days when you ask yourself why you live in a place that hurts when you go out.
Android apps on Windows 11 are almost here
On January 29, 2014, Google announced that it would sell Motorola to Lenovo for 2.91 billion, less than three years after it bought the company for 12 12.5 billion. Sounds hard, doesn’t it? Well, maybe not.
- Google has sold Motorola’s cable modem and set-top box business for 35 2.35 billion.
- At the time of the acquisition, Motorola had $ 3 billion in cash and $ 1 billion in tax credits.
- And looking at the acquired patent portfolio, it seems to have had its ups and downs: even when Google sold it to Lenovo, it retained the “Advanced Technologies & Projects Unit” as part of Android and retained the IP.
- An official press release at the time stated that “Google will retain ownership of the vast majority of Motorola Mobility’s patent portfolio, including existing patent applications and innovation releases.”
- And while Motorola lost millions every quarter it was part of Google, the tax benefits were substantial: It has been reported to cut $ 700M per year.
- It still doesn’t hit me as one of Google’s best moves, and it took Google a few years to release super-competitive devices like the Pixel 6 series.
There’s a good one! Tristan Rainer, Senior Editor.