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 $ 16.75 0.02 ▲ 0.12%
AAPL $ 132.54 1.15 ▲ 0.88%
ONTY $ 3.01 0.50 ▲ 19.92%
HPQ $ 34.76 0.93 ▲ 2.75%
PBR $ 9.15 0.34 ▼ 3.58%
T $ 34.71 0.36 ▼ 1.03%
MSFT $ 46.90 0.52 ▼ 1.10%
F $ 15.27 0.24 ▼ 1.55%

As of 5/22/2015, 04:15 PM