Google has agreed to sell Motorola to the Chinese technology giant Lenovo. This comes just two years after Google paid $12.5 billion to buy the company.
Google was counting that getting into the mobile cellphone business would pay off, but that didn’t happen. However, this isn’t a total financial loss for Google. The company is keeping billion of dollars’ worth of Motorola patents.
Guest
- Derek Thompson, business editor for The Atlantic. He tweets @DKThomp.
Copyright 2020 NPR. To see more, visit https://www.npr.org.