I think Lenovo just made a heck of a good deal. Or at least a better one than Google(s goog) made in 2011.
The company purchased Motorola Mobility from Google Wednesday for $2.91 billion, just 17 months after Google spent $12.5 billion for Motorola. Granted, Google gained Motorola’s rich patent portfolio in 2011 but Lenovo gets a piece of that too from today’s purchase: The China-based company gains roughly 2,000 patent assets of its own and has a cross-licensing agreement with Google for the rest.
That patent protection could come in handy as Lenovo seeks to strengthen its smartphone market share around the globe. And make no mistake: That’s what this deal is all about. Without the Motorola brand, Lenovo would have a hard time breaking into new regions.
In fact, as I listened to the Lenovo conference call after news of the deal broke, that was a recurring…
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Have you ever gotten to talk to one of your idols. Well Marc Ryan lived that dream Wednesday night when he talked with Super-Agent Leigh Steinberg. Not only is Steinberg the inspiration for Jerry McGuire; he is still one of the best agents in the biz. Marc and Leigh talked about that and much more including Richard Sherman and Tampa Bay favorite son, Warrick Dunn.
Check it out!