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 / %
AAPL $ 102.47 2.71 ▲ 2.72%
BAC $ 16.60 0.34 ▲ 2.09%
PBR $ 13.20 0.80 ▼ 5.71%
KO $ 40.68 2.61 ▼ 6.03%
QQQ $ 96.87 2.48 ▲ 2.63%
RF $ 9.26 0.10 ▲ 1.09%
MU $ 31.19 1.50 ▲ 5.05%
PFE $ 28.28 0.35 ▲ 1.25%

As of 10/21/2014, 04:15 PM
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