Google conceded that it’s not great at making smartphones. The search firm is selling handset maker Motorola Mobility to China’s Lenovo for a fraction of the price it paid in 2011. But profits were never the point of the acquisition—it was about putting pressure on Samsung.

Google conceded that it’s not great at making smartphones. The search firm is selling handset maker Motorola Mobility to China’s Lenovo for a fraction of the price it paid in 2011. But profits were never the point of the acquisition—it was about putting pressure on Samsung.

http://dealbook.nytimes.com/2014/01/29/google-seen-selling-it-mobility-unit-to-lenovo-for-about-3-billion/?_php=true&_type=blogs&_r=0

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