Items tagged with (NYSE:MOT)

Lenovo, the world's top supplier of PCs, has completed its acquisition of Motorola Mobility from Google, the company announced today. Armed with the Motorola brand and Motorola's portfolio of smartphones such as the Moto X, Moto G, Moto E, and the Droid series, along with upcoming models, Lenovo has positioned itself as the world's third larger maker of smartphones behind Samsung and Apple. It came as a comparative bargain, too. Lenovo's $2.91 billion buyout of Motorola Mobility comes a little over a year since Google acquired the division for $12.5 billion, though Google retains a majority of the Motorola Mobility patent portfolio. Under new ownership, Motorola will operate as a wholly owned... Read more...