Lenovo acquires Motorola Mobility from Google for $3 billion

Google announced that it has reached an agreement to sell Motorola Mobility to Lenovo. The Chinese electronics giant will pay approximately $2.91 billion for the smartphones business with $1.41 billion due at the deal's closing in cash and ordinary shares, and the remaining $1.5 billion as a three-year promissory note. As part of the deal, Google will retain the bulk of Motorola's massive...

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