Who acquired Motorola Mobility in 2012?

Google
On August 15, Google announced an agreement to acquire Motorola Mobility, based in Libertyville, Illinois, for $40 per share. Both companies’ boards of directors have approved the deal.

Who bought Motorola Mobility in 2011?

(NYSE: MMI) today announced that they have entered into a definitive agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011.

Who owns Motorola Mobility?

Google
Lenovo
Motorola Mobility/Parent organizations

Which company acquired Motorola?

Lenovo
Lenovo has completed its takeover of Google’s Motorola Mobility division. The acquisition gives the Chinese firm control of the unit’s Moto and Droid-branded handsets as well as its 3,500 employees, 2,800 of whom are based in the US.

Is Motorola Mobile a Chinese company?

Motorola is not a Chinese Company, it is an American company, but at the same time, it is also a subsidiary of Lenovo, which is a Chinese Electronics International company. Motorola is a brand that majorly manufactures smartphones and their devices, the company got established on 2011, January 4.

Why did Google buy Motorola Mobility?

Aside from Motorola’s enormous trove of patents, which Google explicitly said at the time of acquisition were to be used to protect Android handset makers from being sued by Apple and Microsoft, the only reason for Google to buy Motorola was to transform it into a healthy counterweight to Samsung, which sells the …

When did Motorola Mobility get sold to Google?

That Droid sales exceeded those of the iPhone in the US encouraged Google to take an interest in purchasing Motorola. And so in 2011, Motorola was split in two: Motorola Mobility, which focused on consumer devices including mobile handsets was sold to Google for US$12.5 billion in May 2012, leaving the rump as Motorola Solutions.

How much did Lenovo buy Motorola Mobility for?

Lenovo acquires Motorola Mobility from Google for $3 billion. Google announced that it has reached an agreement to sell Motorola Mobility to Lenovo.

Who is the current chairman of Motorola Mobility?

The acquisition was completed on October 30, 2014. The company remained headquartered in Chicago, and continued to use the Motorola brand, but Liu Jun—president of Lenovo’s mobile device business, became the company’s chairman.

When was Motorola Mobility bought by Arris Group?

On December 19, 2012, it was announced that Arris Group would purchase Motorola Mobility’s cable modem and set-top box business for $2.35 billion in a cash-and-stock transaction. In May 2013, Motorola opened a factory in Fort Worth, Texas, with the intent to assemble customized smartphones in the US.