Google could own 6% stake in Lenovo as part of Motorola deal
23. sgodsell (Posts: 1040; Member since: 16 Mar 2013)
Since Google only has 6% stake. Shouldn't it be NovoGoo, or Novos goo. Just saying ;-)
13. ScottSchneider (Posts: 313; Member since: 06 Dec 2011)
u missed a ''la'' at the end.... Goolemotonovorola... >_
6. neops (Posts: 161; Member since: 28 Jan 2014)
Now that's a name for serious business! Or Goofnovo mabe
8. Arthurhkt (Posts: 87; Member since: 19 Apr 2012)
If so, than there is a hope in my Moto G future update, since "technically" Google has 6% of share in the Lenovo/Motorola, i hope they would continue to support Motorola or Lenovo with their software side.
12. jroc74 (Posts: 4720; Member since: 30 Dec 2010)
The plot thickens....hmmmmm.
Was already feeling better seeing the current Lenovo Android phones....this makes me feel even better.
14. a_merryman (Posts: 640; Member since: 14 Dec 2011)
I thought that they received the stock as part of the payment, that is what I read in most other stories on the deal.... They aren't purchasing them, they are taking them as part of the payment for Motorola.
15. Aplusk (Posts: 90; Member since: 10 Nov 2013)
could be part of another deal for something else, like making sure Lenovo doesn't make Windows Phones.
16. boosook (Posts: 932; Member since: 19 Nov 2012)
All right, so now the point is clear. Two years ago they bought Motorola because they wanted to rival Apple in the US. Now, they have probably discovered that China is more important and Lenovo is the way they'll use to enter the Chinese market.
17. Edmund (Posts: 654; Member since: 13 Jul 2012)
I have a better bame - GOVNO
(this shouldn't take long for Victor to delete)
18. deewinc (Posts: 155; Member since: 21 Feb 2013)
GooMotoNovorola making Chromebooks and tablets?
20. thealphageek1 (banned) (Posts: 942; Member since: 02 Feb 2013)
The site Re/Code says that this information is incorrect. It says that this report is out due to a misreading of the filing Reuters. It states that Google is set to receive $750 million worth of Lenovo shares as part of the deal to sell Motorola to Lenovo.
21. a_merryman (Posts: 640; Member since: 14 Dec 2011)
Exactly what I've read everywhere else when the deal was announced. The Verge wrote about how the $2.91 Billion was to be paid back when the deal was announced.
22. Mike_L.13 (Posts: 20; Member since: 15 Nov 2013)
"It is unclear as yet what if any influence that will give Google in the company."
They wouldn't have bought only 6% if they intended to have "significant influence" over the company. Accounting methodologies would have to change entirely if they had significant influence. The way they structured the deal, any gains/losses that Lenovo experiences Google won't have to account for on their income statement/as part of earnings.