Lenovo completed acquisition of Motorola Mobility
Chinese PC maker Lenovo completed the acquisition of Motorola Mobility from Google on 30 October 2014.
Chinese PC maker Lenovo completed the acquisition of Motorola Mobility from Google on 30 October 2014. The deal, valued at 2.91 billion US dollars, was announced in February 2014.
Google had acquired Motorola Mobility a couple of years ago.
Following the acquisition, the Motorola will become a wholly owned subsidiary of Lenovo but will remain headquartered in Chicago's Merchandise Mart.
The completion of acquisition by Lenovo will bring global scale, a diverse product portfolio and a track record of seizing strategic opportunities for the Motorola.
Further the acquisition will bring new boundaries of choice and value and new experiences to the consumers as both the companies have an impressive portfolio of smartphones, wearables and PCs.