Google sells Motorola 3 billion dollars

     Google sells Motorola 3 billion dollars

Google has announced the signing of an agreement for the sale of shares of Motorola, which is owned by Lenovo, the Chinese in a deal worth 2.91 billion dollars.

The Chinese company seeking behind the deal to use the name Motorola to break into the US market, while Google, designed to place more emphasis on certain innovations related to the Android system away from other products have distracted attention and also to gain new support for Android market.

The agreement with Lenovo $ 660 million in cash, plus $ 750 million in stock, as for the rest of the deal value of $ 1.5 billion will be paid in instalments in the next three years.

The agreement allows Google to retain the majority of their patents for Motorola, while grant agreement for Lenovo benefit from some 2,000 patent by licensing the use of the rest of the patents.

Google acquired the mobile communication sector at Motorola in 2012 for $ 12.5 billion, and indicated then that it seeks primarily to own patents, and since then has begun to dispose of insolvent units within Motorola's other businesses, in April sold the receivers of Ares in a deal worth over 2 billion dollars. movil ta