It's Official! Lenovo Now Owns Motorola
Back in January, Lenovo announced that it was going to buy Motorola Mobility from Google
While Motorola is now a Lenovo company-Hello, Lenovo!-the brand will remain a subsidiary based out of Chicago. Rick Osterloh, Motorola's president, said in a statement:
Google bought Motorola for $12.5 billion in 2012, at the time stating that it was interested in its patent portfolio. Now, Google maintains most of the patents and passes on the (finically troubled) handset business to Lenovo.
"The iconic Motorola brand will continue, as will the Moto and DROID franchises that have propelled our growth over the past year. We will continue to focus on pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems."
Given that Motorola did some of its finest work while Google was in possession of it-yep, the Moto X