Google's Loss On Motorola Isn't As Bad As It Seems...Here's Why
January 30, 2014 at 14:45 PM EST
After purchasing Motorola for $12.5 billion in 2012, Google (NASDAQ: GOOG ) announced Wednesday it will sell the division for $2.91 billion to Lenovo (OTC: LNVGY ). Despite what appears to be a $9.5 billion loss, Michael J. De La Merced of New York Time's DealBook wrote that