Google says it is selling what remains of Motorola Mobility--while retaining the patent portfolio, to PC maker Lenovo for $2.9 billion.
Google, which bought Motorola Mobioity for $12.5 billion in May 2012, already had sold off the part of the business building cable set-top boxes, and seems now to retain what it really wanted: the patent portfolio.
The move does not completely address the channel conflict of Google being in some parts of the device market, such as it now is with Nest, the home automation supplier. But the move does ease the channel conflict potential to a significant extent.
Wednesday, January 29, 2014
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