This isn’t some crazy technology joke like many are taking it at first. In fact, Google and Lenovo have confirmed it: the sale of Motorola to the latter. However, Google will keep the “vast majority” of Motorola’s patents, as well as the Advanced Technology and Projects division — currently responsible for Project Ara (a modular smartphone) — and will integrate it into its Android team.
And for those of you questioning the aspect of money changing hands, Lenovo purchased Motorola from Google for a steady $2.91 billion (a fraction of what Google paid $12.5 billion for in 2012), which is a mixture of $660 million in cash and $750 million in stock, while the remaining $1.5 billion will be paid out over three years.
As for patents, Lenovo will receive a license to the ones that Google will hold dear, but also will receive 2,000 Motorola patents of their own.
After the deal is closed, and regulatory approval is met, Lenovo plans to enter the U.S. market under the Motorola banner.