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Lenovo Now Owns Motorola Mobility

  • Cnet, Friday, October 31, 2014 8:06 AM

Lenovo has completed its acquisition of Motorola Mobility, giving the Chinese more traction in the U.S. and other markets. Lenovo will pay former parent Google $2.91 billion, including $660 million in cash. Motorola had fallen victim to Apple's iPhone and Samsung's Galaxy lineup. With Google, Motorola had refined its product portfolio to just a few devices, and developed a focus on the low end.

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