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????搜索引擎巨擘谷歌（Google）已與摩托羅拉移動(dòng)（Motorola Mobility）達(dá)成協(xié)議，將以125億美元收購后者。但谷歌收編摩托羅拉移動(dòng)的具體方案仍有很多詳情不為外界所知。整合方案不僅涉及谷歌是否繼續(xù)保留摩托羅拉移動(dòng)的硬件業(yè)務(wù)，甚至涉及是否維持其現(xiàn)有的管理架構(gòu)。正如《華爾街日?qǐng)?bào)》（Wall Street Journal）專欄作者丹尼斯?伯爾曼在其Twitter上所言：

????There's a lot we still don't know about how Google (GOOG) will integrate Motorola Mobility (MMI), which the search giant recently agreed to buy for $12.5 billion. Not only whether or not Google will hold onto its hardware business, but even its management structure. As the Wall Street Journal's Dennis Berman tweeted:

????這種不確定性同樣蔓延到了更微觀的層面，比如摩托羅拉移動(dòng)旗下的風(fēng)險(xiǎn)投資部門。這個(gè)部門于今年1月摩托羅拉（Motorola）進(jìn)行分拆期間成立，目前擁有5名員工以及覆蓋18家公司的投資組合。最近的交易包括：許可數(shù)字版權(quán)加密平臺(tái)提供商Catch Media以及移動(dòng)設(shè)備和社交網(wǎng)絡(luò)跨平臺(tái)、HTML5游戲開發(fā)商Moblyng。

????根據(jù)其網(wǎng)站披露，摩托羅拉移動(dòng)風(fēng)險(xiǎn)投資（Motorola Mobility Ventures）主要投資于與其母公司具有戰(zhàn)略協(xié)同效應(yīng)的初創(chuàng)公司。換言之，相比投資目標(biāo)的潛在投資回報(bào)，它似乎更關(guān)注投資目標(biāo)目前的業(yè)務(wù)。

????另一方面，谷歌風(fēng)險(xiǎn)投資（Google Ventures）則明確表示追求的是經(jīng)濟(jì)回報(bào)。這是否意味著摩托羅拉移動(dòng)風(fēng)險(xiǎn)投資將改變其策略？還是說這兩個(gè)投資部門將保持各自的獨(dú)立性？抑或摩托羅拉移動(dòng)風(fēng)險(xiǎn)投資將不復(fù)存在？

????不幸的是，這些疑問眼下得不到解答。至少無法獲得公開的答復(fù)。谷歌風(fēng)險(xiǎn)投資負(fù)責(zé)人比爾?馬里斯拒絕就此置評(píng)，而摩托羅拉移動(dòng)風(fēng)險(xiǎn)投資發(fā)言人也表示不予評(píng)論。

????On a smaller scale, that uncertainty also extends to Motorola Mobility's venture capital group. The unit -- created when Motorola split this past January -- currently has five staffers and a portfolio of 18 companies. Recent deals include Catch Media, provider of a licensed digital rights locker platform, and Moblyng, a publisher of cross-platform, HTML5-based games for mobile devices and social networks.

????According to its website, Motorola Mobility Ventures invests in early-stage companies that have strategic synergies with the parent company. In other words, it seems more interested in what a company does than the company's potential return on investment.

????Google Ventures, on the other hand, is explicit in saying that it invests for financial return. Does that mean MMV will alter its strategy? Or will the two groups remain separate? Or will MMV just cease to exist.

????Unfortunately, right now those are questions without answers. At least not public answers. Bill Maris of Google Ventures declined to comment, as did an MMI spokeswoman.