Google is selling Motorola Mobility to Lenovo, giving the Chinese smartphone manufacturer a major presence in the US market. Lenovo will buy Motorola for $2.91 billion in a mixture of cash and stock. Google will retain ownership of the vast majority of Motorola's patents, while 2,000 patents and a license on the remaining patents will go to Lenovo. Lenovo will pay Google $660 million in cash, $750 million in stock, with the remaining $1.5 billion paid out over the next three years.
Google's blockbuster sale of Motorola Mobility won't include the Advanced Technology and Projects group led by former DARPA director Regina Dugan. The news was confirmed today on a conference call with Lenovo, and sources familiar with the matter say the group will be integrated with Google's Android team, where Dugan will report to Sundar Pichai but maintain a more independent role. The most notable project to come from Dugan's group was the Project Ara modular phone, which allows different phone configurations to be constructed from various parts. The plan is to use Google's scale and resources to accelerate the project
Nintendo has reiterated its commitment to its strategy of keeping its games exclusive to its own consoles, while acknowledging plans to utilize smartphones and tablets in ways that drive new users to Nintendo hardware. At an investor briefing today, CEO and president Satoru Iwata said that Nintendo will use smart devices to “make connections with customers,” though he ruled out releasing existing games on those platforms, believing the company unable to "show its strength as an integrated hardware-software business" elsewhere.
Facebook announced its long-rumoured Flipboard competitor called Paper on Thursday, which will arrive for iOS on 3 February.
Paper will launch as a standalone app and is similar to Flipboard both in terms of design and functionality. Promising a full-screen, "distraction free" layout, the app will display your Facebook News Feed at the forefront, and you can choose topics to add to this, be it sport, music, science or food, for example.
Facebook has released its results for the fourth quarter of 2013 and the numbers are strong. It posted $2.59 billion in revenue and earnings of 31 cents a share. Analysts were looking for Facebook to pull in $2.33 billion in revenue with earnings of 27 cents a share. That compares to $1.59 billion and 17 cents a share for the same period last year. It's also a touch above the $2.02 billion and 25 cents a share Facebook notched last quarter. The stock is currently up slightly in after-hours trading.
GitHub today launched the GitHub Bug Bounty program “to better engage with security researchers.” In short, the company will pay between $100 and $5,000 for each security vulnerability discovered and responsibly disclosed by hackers.
The program currently covers the GitHub API, GitHub Gist, and GitHub.com. GitHub says its other Web properties and applications are not part of the program, but it says vulnerabilities found “may receive a cash reward at our discretion.”