Lenovo Completes Acquisition of Motorola
Oct 30, 2014, 7:04 AM by Eric M. Zeman
Google has completed its sale of Motorola to Lenovo. Google first announced plans to sell Motorola in January. The deal was valued at about $2.9 billion. Google purchased Motorola in 2012 for more than $12 billion, in part for its treasure trove of 17,000 patents. Since then, Google has retooled Motorola's products and released innovative devices such as the Moto X, Moto G, and Moto E in 2013. During the last several months Motorola delivered a range of new handsets, including the second-generation Moto X and Moto G, the Droid Turbo, and the Nexus 6. Motorola's devices all feature stock Android operating systems with unique and helpful additions, such as Active Display and Moto Voice. Lenovo plans to keep the Motorola brand intact and will use it to grow its own presence in the market. According to Motorola chief Risk Osterloh, Motorola will remain headquartered in Chicago and will continue to develop its Moto and Droid lines of hardware with a focus on quick OS upgrades and technology that solves real-world problems. "In Lenovo we have a partner that shares our mission and that brings global scale, a diverse product portfolio and a track record of seizing strategic opportunities and making the most of them," said Osterloh in a blog post. "Together we will go farther, faster. With an impressive portfolio of smartphones, wearables and PCs, our two companies will be uniquely positioned to push the boundaries of choice and value, and bring exciting new experiences to people everywhere."
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