Google to Sell Motorola to Lenovo
January 29, 2014 at 18:38 PM EST
Majority of patent portfolio will remain with Google in $2.91 billion deal. WASHINGTON - Google announced Wednesday it signed a deal to sell its struggling smartphone unit Motorola Mobility to Chinese tech giant Lenovo (IW 1000/134) for $2.91 billion. "Lenovo has the expertise and track record to scale Motorola Mobility into a major player within the Android ecosystem," Google CEO Larry Page said in a joint statement announcing the deal. read more
