![]() Meanwhile, across the pond, Google is settling a three-year-old anti-trust case with the European Commission. ![]() The company posted earnings of $12.01 per share (on revenue of $14.4 billion – yes, billion). Motorola also dragged down profits at Google in its most recent quarter, as reflected in the company’s earnings report Thursday. Why? The company was losing money.Īs the New York Times wrote about the deal, “Larry Page, Google’s co-founder and chief executive, likes to talk about ‘big bets’ and ‘moonshots.’ But the thing about moonshots is that they can crash to Earth. That appears to be what happened to Motorola Mobility, the cellphone maker owned by Google.” ![]() Less than two years after acquiring Motorola Mobility for $12.5 billion, it sold the cell phone manufacturer for $2.9 billion to Chinese tech conglomerate Lenovo. While Google got plenty of patents in the deal – and a new Android phone - it sold Motorola for a quarter of what it paid for it.
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