Lenovo Buys Google’s Motorola Unit

Lenovo the Chinese multinational technology company  buys Google‘s Motorola unit for $2.9 billion. According to FinancialTimes.com’s reports “The deal values the business at $2.91bn in cash, stock and deferred payments, the companies said, and is set to leave Google with a stake of around 5 per cent in the Chinese hardware maker.”

On August 2011 the search engine company buys Motorola Mobility  for $12.5 billion. Google’s CEO Larry Page announced through their official blog post says that ‘We’ve just signed an agreement to sell Motorola to Lenovo for $2.91 billion. The deal has yet to be approved in the U.S. or China, and this usually takes time. So until then, it’s business as usual.  I’m phenomenally impressed with everything the Motorola team has achieved and confident that with Lenovo as a partner, Motorola will build more and more great products for people everywhere.”

Per Yang Yuanqing, chairman and CEO of Lenovo says “We are confident that we can bring together the best of both companies to deliver products customers will love and a strong, growing business.”

About Mohammed Anzil

Professional Blogger, SEO, and Web Developer. Founder of SocialPositives.com and CoFounder of AndroidConnections.com.

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