Utah People's Post

The Latest News from the Beehive State

Wednesday, July 6, 2022
Log in
  • National News
    • Female Caseworker Killed & Doctor Shot in Philadelphia
  • State News
    • Car Chase Leads to Drug Arrest
  • Tech & Science
  • Health
    • How to Prepare For Ticks Season
    • Magical Weight Loss Bean Scam
  • Sports
  • Business
You are here: Home / Business / Lenovo Acquired Motorola for $2.91 Billion

Lenovo Acquired Motorola for $2.91 Billion

October 30, 2014 Posted by Contributor

Lenovo Acquired Motorola

Lenovo has just completed the acquisition of Motorola, it was announced by the PC maker today. Lenovo acquired Motorola for $2.91 billion and thus continues its expansion into the smartphone market.

Lenovo announced its plans to buy Motorola from Google back in January, and now Lenovo acquired Motorola for a cool $2.91 billion. Lenovo is famous for their ThinkPad line of personal computer and also the Yoga line of tablet/laptop convertibles.

Motorola hopes to take advantage of Lenovo’s distribution networks and efficient supply chain and turn the business around. Yang Yuanging, Lenovo Chief Executive, has revealed that he hopes to make Motorola a profitable unit within up to six quarters after the acquisition.

Lenovo acquired Motorola, but it will operate the phone company as a wholly-owned subsidiary. The headquarters of Motorola will stay put in Chicago and Rick Osterloh, Motorola President, will continue to be in charge of the business. It was revealed by Lenovo that Liu Jun, the head of Lenovo’s mobile business will become the chairman of Motorola.

Motorola was founded in 1928. In 1969 “one small step for man, one giant leap for mankind” was spoken from the Moon by Neil Armstrong on a Motorola transceiver and in 1972, Dr. Martin Cooper, Motorola employee, made the first private handheld mobile phone call on a Motorola prototype.

Yang Yuanging, Lenovo Chief Executive, said in a statement:

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.

Mr. Yang has said in the same statement that even though Motorola’s smartphone market across the world is smaller than Lenovo’s, the company can profit from Motorola’s U.S. mature market; Motorola also has an excellent relationship with telecommunication carriers. Lenovo acquired Motorola today and it revealed that it plans to keep selling Motorola-branded phones inside the U.S. and will not sell any Motorola phones with the Lenovo logo.

Google still retains ownership of the majority of Motorola’s patent portfolio. Lenovo is currently in the process of getting a license to the patters. When Lenovo acquired Motorola, it bought along with it, around 2,000 patents and a large number of cross-licensing deals.

Share this:

  • Tweet
  • Share on Tumblr
  • Email

Filed Under: Business Tagged With: Lenovo Acquired Motorola, lenovo bought motorola for $2.91 billion, lenovo motorola

Woman working out at the gym

Just 23% of Americans Are Working Out Enough in Their Spare Time

June 29, 2018 By Amelia Donovan

Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)

June 29, 2018 By Amelia Donovan

United Airlines airplane

Passenger Mysteriously Dies on United Airlines flight Bound for Boston

June 28, 2018 By Amelia Donovan

Breakfast sandwich

Here Are Some Foods No Nutritionist Would Ever Eat

June 27, 2018 By Amelia Donovan

Poppy flower

UN Warns of Surge in Opium-based Drugs and Cocaine Supply

June 27, 2018 By Amelia Donovan

U.S.-Canada border

French Jogger Detained 2 Weeks for Accidentally Crossing Border

June 26, 2018 By Amelia Donovan

Plus size model

Normalizing Plus Size Could Fuel Obesity Crisis (Study)

June 25, 2018 By Amelia Donovan

Giant manta ray

Unique Manta Ray Nursery Spotted off Texas Coast

June 23, 2018 By Amelia Donovan

The rainbow flag

WHO Scraps Transgenderism from List of Mental Illnesses

June 22, 2018 By Amelia Donovan

456 People Dead at U.K. Hospital after Taking too Many Painkillers

June 21, 2018 By Amelia Donovan

Kenyan girls dancing

Kenyans Facing Poor Nutrition as Supermarket Shopping Is on the Rise

June 20, 2018 By Amelia Donovan

Pages

  • About
  • Contact
  • Privacy Policy GDPR
  • Staff
  • Terms and Conditions

Recent Posts

  • Just 23% of Americans Are Working Out Enough in Their Spare Time
  • Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)
  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston
  • Here Are Some Foods No Nutritionist Would Ever Eat
  • UN Warns of Surge in Opium-based Drugs and Cocaine Supply
  • French Jogger Detained 2 Weeks for Accidentally Crossing Border
  • Normalizing Plus Size Could Fuel Obesity Crisis (Study)

Related Articles

  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston

    Jun 28, 2018
  • Fishing boat in the Atlantic Ocean

    U.S. Seafood Dealer Lied About Fish Being Caught in U.S.

    Jun 14, 2018
  • Tesla car on the road

    Tesla’s Autopilot Software To ‘Nag’ Drivers to Keep Hands on Wheel

    Jun 12, 2018
  • Mexico Slaps Tariffs on U.S. Steel, Pork, and Bourbon

    Jun 6, 2018
  • Dairy cows on a pasture

    Kentucky Milk Plant Closes after Losing Contract with Walmart

    Jun 4, 2018
  • Tesla founder Elon Musk

    Elon Musk Upset About Latest Tesla Crash Being ‘Front Page News’

    May 16, 2018
  • Orange juice bottles on Whole Foods shelves

    Amazon to Roll Out New Prime Perks for Whole Foods Shoppers

    May 2, 2018
  • U.S. Liquor Store

    Alcohol Sales on Sunday No Longer Banned in Indiana

    Mar 5, 2018
  • Bitcoin coins on 100-dollar bills

    Iran Unveils Its First National Cryptocurrency

    Feb 23, 2018
  • Transavia Airlines plane taking off

    Man on Plane who Wouldn’t Stop Farting Causes Emergency Landing

    Feb 19, 2018

Categories

  • Business
  • Entertainment
  • Health
  • National News
  • Nature
  • Provo
  • Salt Lake News
  • Science
  • Sports
  • State News
  • Tech & Science
  • Technology
  • Uncategorized
  • West Jordan
  • West Valley City
  • World

Copyright © 2022 utahpeoplespost.com

About · Privacy Policy · Terms of Use · Site Map · Contact