{"id":16716,"date":"2014-01-29T03:01:57","date_gmt":"2014-01-29T03:01:57","guid":{"rendered":""},"modified":"2014-01-29T03:01:57","modified_gmt":"2014-01-29T03:01:57","slug":"Lenovo-to-buy-Google-s-Motorola-in-China-s-largest-tech-deal","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=16716","title":{"rendered":"Lenovo to buy Google’s Motorola in China’s largest tech deal"},"content":{"rendered":"

Lenovo Group said on Wednesday it agreed to buy Google Inc’s Motorola handset division for $2.91 billion, in what is China’s largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc.<\/strong><\/p>\n

It is Lenovo’s second major deal on U.S. soil in a week as the Chinese electronics company angles to get a foothold in major global computing markets.<\/strong> Lenovo last week said it would buy IBM’s low-end server business for $2.3 billion.<\/p>\n

The deal ends Google’s short-lived foray into making consumer mobile devices and marks a pullback from its largest-ever acquisition. Google paid $12.5 billion for Motorola in 2012. Under this deal the search giant will keep the majority of Motorola’s mobile patents, considered its prize assets.<\/p>\n

The purchase will give Lenovo a beach-head to compete against Apple and Samsung Electronics as well as increasingly aggressive Chinese smartphone makers in the highly lucrative U.S. arena.<\/p>\n

via reuters<\/a><\/em>
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