Lenovo wraps up Motorola purchase

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Published: Thursday 30th October 2014 by The News Editor

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Chinese computer maker Lenovo has completed its acquisition of Motorola Mobility from Google in a move aimed at developing a global smartphone brand.

Lenovo said it had completed the 2.9 billion US dollar (£1.8 billion) purchase, adding to a flurry of acquisitions and initiatives aimed at transforming the world’s biggest maker of personal computers into a major player in wireless computing.

Google bought Motorola Mobility in 2012 for 12.4 billion dollars but appeared to decide quickly that the purchase was a mistake. It sold its set-top operations to Arris Group for 2.35 billion dollars and its smartphone assets, along with 2,000 patents, to Lenovo.

Lenovo chairman Yang Yuanqing said when the purchase was announced in January that it would help transform Lenovo into a global competitor in smartphones.

Motorola’s smartphone models include the Moto X, Moto G, Moto E and the DROID series.

The unit’s headquarters will remain in Chicago. Lenovo is taking on 3,500 Motorola engineers, designers and other employees worldwide, including 2,800 in the US.

Published: Thursday 30th October 2014 by The News Editor

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