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Lenovo Acquisition of Motorola Complete


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#1 droidian1441

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Posted 30 October 2014 - 07:23 AM

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Lenovo, who announced the acquisition of Motorola Mobility in January, has announced that the acquisition is now final and complete: Motorola is now a Lenovo-owned company.
 
Motorola, the #3 smartphone manufacturer in the United States, was purchased for $2.91 billion, and had this to say about the acquisition:

As excited as we are about what’s changing, we’re also pleased with what we are carrying forward with us. We will be a wholly owned subsidiary of Lenovo and remain headquartered in Chicago’s Merchandise Mart while maintaining offices around the world, including in Silicon Valley. 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.
 
As said by Motorola, the DROID and "Moto" smartphone series will continue to be in manufacture, and Rick Osterloh, Moto's president and chief operating officer will be staying on his positions with the company.
 
Chairman and CEO of Lenovo, Yang Yuanging, had this to say:

The acquisition of such an iconic brand, innovative product portfolio and incredibly talented global team will immediately make Lenovo a strong global competitor in smartphones. We will immediately have the opportunity to become a strong global player in the fast-growing mobile space. We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business. Lenovo has a proven track record of successfully embracing and strengthening great brands – as we did with IBM’s Think brand – and smoothly and efficiently integrating companies around-the-world.  I am confident we will be successful with this process, and that our companies will not only maintain our current momentum in the market, but also build a strong foundation for the future.
 
Google's Larry Page also threw in a comment on the deal, saying that Motorola is in great hands in the Lenovo ownership.
 
Is this acquisition a mistake or a blessing for Motorola? Lenovo? Weigh in on this in the comments.
 
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#2 livinginkaos

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Posted 30 October 2014 - 07:33 AM

I'll just throw this here for giggles......

 


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#3 LDubs

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Posted 30 October 2014 - 09:05 AM

If Moto gets to remain independent and continues to build kick-rear end devices, the global reach of Lenovo can definitely help them with marketing and sales.  Will be interesting to see what happens over the next few months.


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