Lenovo to Acquire Motorola Mobility from GoogleAcquisition Agreement • January 29th, 2014 • Google Inc. • Services-computer programming, data processing, etc.
Research Triangle Park, North Carolina, and Mountain View, California - January 29, 2014: Lenovo (HKSE: 992) (ADR: LNVGY) and Google (NASDAQ: GOOG) today have entered into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business. With a strong PC business and a fast-growing smartphone business, this agreement will significantly strengthen Lenovo’s position in the smartphone market. In addition, Lenovo will gain a strong market presence in North America and Latin America, as well as a foothold in Western Europe, to complement its strong, fast-growing smartphone business in emerging markets around the world.
