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Less than two years after acquiring it for more than $12 billion, Google is selling off Motorola at a considerable loss to Lenovo for just over $2.91 billion. Google will, however, still retain ownership over a large majority of Motorolas patents—about 15,000 of the 17,000—which were the main reason for the phone makers initial acquisition in the first place. In a prepared statement, Google CEO Larry Page said,  This move will enable Google to devote our energy to driving innovation across the Android ecosystem, for the benefit of smartphone users everywhere. In other words, the company is focusing on earning revenue from their software, Android, rather than from hardware sales. Google did reaffirm its commitment to other hardware efforts, including its Glass headsets and the home appliances of recently-acquired Nest.