Google decided to stop spending. While its subsidiary continues to lose hundreds of millions of dollars each quarter, Google announced it would sell the Chinese Lenovo Motorola Mobility for $ 2.91 billion, less than two years after buying it for four times .
Google does not however lose nine billion dollars in the case. He had already sold the division of Internet packages for $ 2.4 billion. And it retains most of Motorola’s patent portfolio, which he assessed at the time, probably quite generously to $ 5.5 billion. The hole for the company therefore is more around $ 2.5 billion and $ 4 billion if the accumulated losses by Motorola in two years is added.
The Google share upLenovo, it is a good deal. The world’s number one PC strengthens its position in the smartphone market, with an entrance on Europe and the United States door.
mid admission of failure for the boss of Google, Larry Page, separate from Motorola simplifies the relationship of the company with other Android manufacturers. Especially, Page will no longer justify the apparent lack of synergies or losses of its subsidiary. And shareholders are clearly happy: Google stock climbed 2% after trading Wednesday night
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