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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As of 6/29/2015, 04:15 PM