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Google sells Motorola at a loss to Lenovo

Google sells Motorola at a loss to Lenovo
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Google is to sell its Motorola division to Lenovo for nearly $3 billion (2.19 billion euros) – a huge loss from the $12.5 billion it paid for the handset maker in 2012.

It is the Chinese computer maker’s second major deal on US soil in a week. It also agreed to buy IBM’s low-end server business for $2.3 billion (1.7 billion euros).

While it marks a hasty retreat by Google from the mobile phone handset business, the company is keeping its lucrative patents – including the Android smartphone and tablet softwear.

Analysts claim Google originally bought Motorola to secure its trove of patents and were surprised it did not sell off the hardware division immediately.

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