Lenovo continues buying spree with $2.9bn Motorola deal

Lenovo buys lossmaking Motorola from Google, gaining a foothold into the handset market in the US and Latin America.

Lenovo continues buying spree with $2.9bn Motorola deal

Lenovo, the world’s largest PC maker, continued its buying spree on Thursday, buying the Motorola handset business from Google for $2.9 billion. Less than a week ago, the Chinese company struck a deal to acquire IBM’s low end server unit for $2.3 billion.

The deal will enable Lenovo to jump into the US handset market, according to analysts, an area it lacks a presence in. It also transforms Lenovo into the third largest mobile...

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