Lenovo CEO: We tried to buy Motorola in 2011, but got the wrong guy– Moto Solutions Greg Brown
Last week Lenovo finally bought Motorola. It was a deal the Chinese company wanted to do for years.
After getting back to China, Lenovo CEO Yuanqing Yang revealed more details about how the purchase went down during press conference earlier today.
He said that Lenovo wanted to buy Motorola’s mobile business way back in 2011, after company was split into two units – Motorola Mobility and Motorola Solutions. Mr. Yang and Lenovo CFO Wong Wai Ming flew to United States, went to Motorola headquarters and asked to talk to the CEO. Unfortunately, they’ve asked for the wrong guy – Motorola Solutions CEO Greg Brown, instead of Moto Mobility’s CEO – Sanjay Jha. Since Brown had nothing to do with mobile, Lenovo team only met with some of his staffers, exchanged some platitudes and were kept in the dark about the pending Google deal.
After Lenovo CEO learned about $12.5 billion offer to buy Motorola, he invited Google’s Chairman Erick Schmidt to his house for dinner to discuss possible cooperation. Yang introduced some company products, and told Schmidt that if Google ever decided to sell Motorola, Lenovo will be happy to buy it. Two months ago he got an e-mail from Eric Schmidt, called him back and heard a question: “ Are you still interested in Motorola?”.
The deal still has to get regulatory approvals, but given what a small player in smartphones Motorola is today, that should not be a problem.
Lenovo CEO also told the press that he is happy with current Motorola product portfolio, and will keep all three main lines – Moto X, Moto G and Droid Ultra.
Source: Sina Tech