FACTBOX: Goodbye Moto! Google Sells Handset Unit to Lenovo - Presented by: The Aol. On Network

Google has sold its Motorola handset unit to China's Lenovo for $2.9 billion. This is Lenovo's second big U.S. deal in a week. It also agreed to buy IBM's low-end server business for $2.3 billion. Google paid $12.5 billion for Motorola in 2012. A 'vast majority' of the firm's patents will stay with Google. The deal will help Lenovo compete in developed markets with Samsung and Apple. But selling Moto may also mean a tighter Google/Samsung relationship.



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Company Last Sale Change Net / %
BAC $ 15.38 0.06 ▼ 0.39%
FB $ 66.34 1.47 ▲ 2.26%
MTG $ 8.36 0.88 ▼ 9.52%
GE $ 26.55 0.35 ▲ 1.34%
KRG $ 6.55 0.12 ▲ 1.87%
AAPL $ 95.22 0.19 ▲ 0.19%
WFC $ 51.49 0.32 ▼ 0.62%
MSFT $ 42.09 0.41 ▲ 0.97%

As of 7/11/2014, 04:03 PM
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