Lenovo to acquire Motorola Mobility
The smartphone market is super competitive, and to thrive it helps to be all-in when it comes to making mobile devices. It’s why we believe that Motorola will be better served by Lenovo—which has a rapidly growing smartphone business and is the largest (and fastest-growing) PC manufacturer in the world.
That’s $9.59 billion dollars in the garbage (not including all of the money they threw away for lawyers in court). Good job, Google!
EDIT: According the The Verge’s Nilay Patel, Google only lost $7 billion. I guess it’s not as bad, right?