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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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On DawnNews
Comments (1) Closed
Jan 30, 2014 01:40pm
Lenovo made "a good move," alright. Smartphones is where the action is; and where it will stay for a long time.
As for Google still holding the patents, Apple had them too when Samsung -- with Google -- came marching in. Too bad Steve Jobs is not around to relish the moment.
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