Google is undoubtedly one of the biggest tech companies in the world. Their business tactics and deals are widely famous that also includes the gamechanger Android deal. But did you know Google is also involved in one of the biggest loss deals of the tech industry. In 2014, Google intentionally sold Motorola to Lenovo for just $2.9 Billion after buying it for $12.5 Billion. Shocked? Read this story to know why Google had to do this.
In 2012, Google took over Motorola for $12.5 Billion. Google’s plan was simple– to make Motorola a market competitor of Samsung and it almost succeeded in it. But this story has a twist. Actually, Google observed that Motorola’s devices have unique and dynamic design and features. Google could have copied the features but Motorola was smart enough patent its features’ rights.
So Google bought Motorola for $12.5 Billions, and now Google is the parent organization of Motorola so it can copy the features from Moto devices. Surprisingly, Google sold Motorola to Lenovo for just $2.91 Billion to Lenovo in 2014. Google acquired most of the patents from Motorola and gave around 2000 patents to Lenovo.
This was a shocking move from Google and many analysts believed that Google had made a mistake until the end of 2021, when Google made a business of $7 billion dollars from the sale of its Pixel smartphones.
This proves Google is a master player and when everyone thought it lost, it was actually winning.