201February 14, Google's acquisition of Motorola Mobility Company for 125 billion dollars was approved by the US Department of Justice and the European Union. Bloomberg statistics show that this is the largest M&A transaction in the wireless equipment industry in the past decade.
On May 2012 19, the Ministry of Commerce of China announced its decision to attach restrictive conditions to Google's acquisition of Motorola Mobility. The announcement announced that after review, the Ministry of Commerce believes that Google's acquisition of Motorola Mobility has the effect of eliminating and restricting competition; According to the promise made by Google to the Ministry of Commerce, the Ministry of Commerce decided to attach restrictive conditions to the examination and approval. The announcement announced that Google should fulfill the following obligations: Google will license the Android platform on a free and open basis, which is consistent with current business practices; Google should treat all OEMs equally on the Android platform. These two obligations are valid for five years from the date of the decision of the Ministry of Commerce.
2065438+On May 2, 20021day, Google officially announced that it had completed the acquisition of Motorola Mobility for 125 billion US dollars. Sanjay Jha, former CEO of Motorola, has resigned and will be replaced by Google veteran Dennis Woodside.
The acquired Motorola Mobility will operate as an independent subsidiary of Google.
Google also announced its support for Marsh &; Former Chief Financial Officer of Maclennan (MMC) is the chief financial officer of Motorola Mobility, and mark rendall, former vice president of supply chain of Amazon (Weibo) Company (AMZN), was appointed as the head of the supply chain of this department.
The company will retain some former executives of Motorola Mobility, including Iqbal Arshad, head of product development, and Dan Moloney, head of set-top box business. 2014 65438+1On October 30th, Lenovo announced that it would acquire Motorola Mobility from Google for $2.9 billion. Subsequently, at the quarterly earnings communication meeting in August this year, Liu Jun, president of Lenovo Mobile Business Group, said that Lenovo's acquisition of Motorola Mobility is progressing smoothly and it is expected that the acquisition will be completed within this year. Regarding the current loss situation, Yang had previously said that he was confident that after the acquisition, Mobile would turn losses into profits within 4-6 quarters.
20 14 10 year130 October, Lenovo announced the completion of the acquisition of Motorola Mobility. Lenovo Group will become the third largest smartphone manufacturer in the world, second only to Samsung and Apple.
It is reported that after Lenovo's acquisition, Liu Jun will control 3,500 employees, 2,000 patents and Motorola's mobile brand and trademark portfolio. On September 22nd, Lenovo's mobile phone business team in Wangjing, Beijing began to move into Motorola Building. The $2,965,438 million+obtained by Google through this transaction is only $660 million in cash at first, $750 million in Lenovo stock, and the remaining $654,380+05 million will be paid by a three-year promissory note.