Google confirmed today that they’re selling the hardware component of Motorola Mobility to Lenovo for $2.91 billion. The sale leaves Google in possession of the vast majority of the patents they acquired in their original Motorola purchase.
In a post to the official Google blog, Larry Page explained that the sale is intended to let Google focus on driving innovation while Lenovo handles the Moto hardware side, given the company’s extensive hardware experience and global market.
“Lenovo has the expertise and track record to scale Motorola into a major player within the Android ecosystem. They have a lot of experience in hardware, and they have global reach. In addition, Lenovo intends to keep Motorola’s distinct brand identity—just as they did when they acquired ThinkPad from IBM in 2005.”